Ørsted shares surged after a US court lifted an injunction blocking its Sunrise Wind project off Long Island. The Danish developer can now restart construction immediately, removing a major hurdle for the $2 billion offshore wind farm. A federal judge originally paused the project over environmental concerns raised by local fishing groups.

That legal challenge had stalled progress and cast doubt on the project's timeline. With the court's reversal, Ørsted can now push forward to meet its 2026 completion target. This decision arrives at a critical moment for the US offshore wind industry.

Developers have faced rising costs, supply chain issues, and permit delays that forced cancellations of other major projects. The Sunrise Wind approval signals that federal and state commitments to clean energy are holding firm. For Ørsted, the ruling helps stabilize its troubled US operations.

The company recently wrote down billions on its American projects and scrapped a major New Jersey plan. Getting Sunrise Wind back on track restores confidence in its ability to deliver on massive East Coast ambitions. Work will now resume with Siemens Gamesa turbines powering 60,000 homes.

New York officials expect the project to create hundreds of union jobs during construction.