The Trump administration’s suspension of leases for five offshore wind projects in the US due to radar interference concerns caused Orsted shares to drop by 13%. Orsted is building two wind farms in the US, with one 40% complete and the other 85%. The projects face potential additional costs of USD 325 million if activities remain suspended for 90 days. The company’s fair value estimate remains at DKK 170 per share, with a possibility of dropping to DKK 146 if projects are terminated, still above the current share price of DKK 117. The US Department of the Interior plans to work on mitigating national security risks posed by the projects during the 90-day pause.

Read more at Morningstar: Orsted: Trump Administration Orders a Halt to All Offshore Wind Projects