The temporary injunction granted to Revolution Wind is a meaningful win for Ørsted, and it is becoming increasingly clear that the US administration’s arguments for stopping projects already under construction have questionable legal merit. We believe the likelihood of a permanent stop in the US is relatively low at this point and that the worst is behind us. If all projects are completed on schedule, EBITDA will grow to over DKK 38bn in 2028 on our estimates, equivalent to a CAGR of ~14% over t ....
