Bank of America is more optimistic on Ørsted’s US outlook as Trump’s threats wane. (Utility Dive)
Why the switch-up? There are signs the administration is backing off. DOJ let its window to challenge Ørsted’s Revolution Wind injunction lapse, and the deadline to appeal the Sunrise Wind injunction arrives April 3. With Ørsted’s “repaired balance sheet,” the developer could boost US offshore wind growth from 2028 and beyond.
Speaking of: In its anti-offshore wind crusade, the Trump admin cited threats to marine life as a key concern. But this week, a federal committee known as the “God Squad” voted unanimously to exempt Gulf oil & gas drilling from the Endangered Species Act, putting marine animals—including the critically endangered Rice’s whale—at risk.