Overview

• Revolution Wind filed its complaint on Sept. 4 in U.S. District Court for D.C., asserting BOEM exceeded its authority under OCSLA and acted unlawfully under the Administrative Procedure Act and the Fifth Amendment.
• Offshore construction stopped with all foundations installed and 45 of 65 turbines in place, with the offshore substation and remaining turbines next in sequence.
• Connecticut and Rhode Island filed a separate lawsuit in federal court in Rhode Island seeking declaratory and injunctive relief to vacate the stop‑work order.
• The developer says more than $5 billion has been spent or committed, and potential cancellation liabilities could exceed $1 billion if the freeze persists.
• Fitch revised Ørsted’s outlook to negative, citing uncertainty around the order and saying a halt to sister project Sunrise Wind cannot be ruled out, with Sunrise about 35% complete and more than 13 foundations installed.