00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Shares of Danish renewable energy company Orsted rose nearly 5% on Tuesday after a U.S. judge
00:08cleared the company to resume work on its nearly finished $5 billion revolution wind project,
00:14according to CNBC. The U.S. District Court for the District of Columbia allowed Orsted
00:18to restart activities after the Trump administration moved to block the project.
00:23The White House halted five offshore wind developments last year,
00:27citing national security concerns raised by the Pentagon.
00:30Orsted filed a legal challenge earlier this month,
00:33warning that the suspension would cause substantial harm.
00:37Judge Royce Lamberth said the court should be skeptical of the government's motives
00:40and question the cost of stopping work.
00:43Orsted and its joint venture partner, Skyborne Renewables,
00:45have already spent about $5 billion on the project.
00:48For all things money, visit Benzinga.com.
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