Trump U-Turn on $5 Billion Wind Farm Lifts Ailing Industry

The Trump administration’s surprise reversal of an order to halt a $5 billion wind energy project off the coast of New York offered some respite to a beleaguered industry whose future in the US has been in doubt.

Denmark’s Orsted AS jumped as much as 18%, the most in more than three years, and Vestas Wind Systems AS climbed as much as 8% in Copenhagen. Equinor ASA gained up to 2% in Oslo.