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Revolution Wind Project

Sector: Raw Materials • Location: Rhode Island, United States

Source: CNBC

Project
Halted

The Revolution Wind Project is an offshore wind farm project off of Rhode Island, which is 80% complete with 45 out of 65 wind turbines installed. The U.S. Bureau of Ocean Energy Management issued a stop-work order halting construction of this nearly completed project. Orsted, the developer, is complying with the order and considering options to resolve the issue and continue construction. The pro

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The project “Revolution Wind Project” is an infrastructure initiative in the Raw Materials sector, located in Rhode Island, United States. Taiyo aggregates data on it from CNBC.

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halted

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Description

Description

The Revolution Wind Project is an offshore wind farm project off of Rhode Island, which is 80% complete with 45 out of 65 wind turbines installed. The U.S. Bureau of Ocean Energy Management issued a stop-work order halting construction of this nearly completed project. Orsted, the developer, is complying with the order and considering options to resolve the issue and continue construction. The project halt has financial implications and affects Orsted's capital raising plans.

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High

Data quality score

100%

Source

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