Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight stated that his hedge fund could not invest in the United States with President Donald Trump as the risks were too high. However, profits can be made in Europe because there are clearer rules and policies regarding green energy projects. Knight Vinke Asset Management, based in Monaco, sold "the last" of its U.S. investments in August. This was revealed in an interview with its CEO and founder Knight. A letter sent to investors by the fund showed that it would return 17.9% by 2025.
Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight, a hedge fund manager, said that his fund could not invest in the United States with President Donald Trump as the risks were too high. However profits can be made by investing in Europe where the rules and policies regarding green energy projects is more predictable. Knight Vinke Asset Management, based in Monaco, sold its 'last' U.S. assets in August. This was revealed in an interview with its CEO and founder Knight. A letter sent to investors by the fund showed that it would return 17.9% by 2025.
US Judge allows Equinor New York Offshore Wind Project to be restarted
The federal judge cleared Norwegian 'offshore wind developer Equinor on Thursday to resume work on the?New York Empire Wind Project, which was halted by President Donald Trump along with four other project last month. U.S. district judge Carl Nichols' ruling is the second legal blow to Trump's offshore policy this week. On Monday, a judge at the same court ruled that?Danish company Orsted? could resume work on a project near the coast of Rhode Island.
US Judge to make a quick decision on Equinor's challenge to Trump offshore Wind Pause
A U.S. Judge said Wednesday that he will rule soon on whether he will allow Norwegian offshore wind developer Equinor, to resume construction on the Empire Wind project?off the coast of New York?in a lawsuit filed over the Trump Administration's suspension of federal waters for the offshore wind industry. The U.S. District Court of Washington's Judge Carl Nichols declined to make an immediate decision at a hearing…
US court will weigh New York's challenge to Trump's offshore wind halt
On Wednesday, a U.S. court will decide whether or not to allow Norwegian offshore developer Equinor the opportunity to resume the construction of the Empire Wind Project off the coast of New York. The company is suing the Trump administration for its suspension of the industry. The hearing at the U.S. District Court of Washington takes place two days after that same court ruled the Danish offshore wind developer Orsted can restart work on the nearly completed Revolution Wind?project in Rhode Island.
US Judge allows Danish firm Orsted to resume Rhode Island offshore project that Trump stopped
The federal court on Monday allowed Danish offshore wind developer Orsted, along with four other projects that were halted by the U.S. administration of President Donald Trump last month, to resume work on their nearly completed Revolution Wind project. The decision?by?U.S. The ruling by U.S. District Judge Royce Lamberth represents a legal defeat for Trump who had sought to stop the expansion of offshore winds in federal waters.
New York Sues Trump Administration Over Halt on Two Offshore Wind Projects
New York's Attorney General sued the Trump Administration on Friday for suspending the construction of two major offshore wind project that the state says it needs to power a million homes and reduce its reliance on fossil fuels.Letitia J. James, New York's Attorney General, has filed two lawsuits asking a Washington federal court to stop President Donald Trump from freezing federal offshore leases owned by Equinor of Norway and Orsted of Denmark on December 22…
Democratic Governors ask Trump Administration to lift the freeze on offshore Wind Projects
Four Democratic Governors wrote to U.S. Interior Secretary Doug Burgum wrote to the Trump Administration on Wednesday, requesting that it lift the halt placed on 'five offshore wind project on the U.S. East Coast. On Monday, the Department of the Interior attributed the suspension of leases on the projects to concerns about national security. New York Governor Kathy Hochul and Connecticut Governor Ned Lamont as well as Massachusetts Governor Maura healey…
States sue Trump to stop cancellation of $7 Billion Solar Grant Program
According to court documents, nearly two dozen states have filed a lawsuit against the Trump administration for canceling a $7 billion grant aimed at increasing solar energy in low income communities. In a Thursday statement, California Attorney-General Rob Bonta announced that a group states who received grants through the Environmental Protection Agency’s Solar for All Program have filed two lawsuits. In August, EPA Administrator Lee Zeldin officially announced the end of the Solar for All program.
States sue Trump to stop cancellation of $7 billion solar grant program
According to court documents, nearly two dozen states have filed a lawsuit against the Trump administration for canceling a $7 billion grant aimed at increasing solar energy in low income communities. In a Thursday statement, California Attorney-General Rob Bonta announced that two lawsuits were filed by a group states who received grants through the Environmental Protection Agency’s Solar for All Program. EPA Administrator Lee Zeldin officially announced the termination in August.
Solar groups sue Trump Administration over cancellation of $7 billion in grants
On Monday, a group of labor unions as well as nonprofits and solar companies filed a lawsuit against the Trump administration over its cancellation of an $7 billion grant program from Biden's era that was intended to increase solar energy in low-income areas. The complaint filed in federal courts in Rhode Island alleges that U.S. Environmental Protection Agency, and its administrator Lee Zeldin broke the law by rescinding grants granted in 2024 to sixty nonprofit groups, tribals, and states.
Solar groups sue Trump Administration over cancellation of $7 billion in grants
On Monday, a group of labor unions as well as nonprofits and solar companies filed a lawsuit against the Trump administration over its cancellation of an $7 billion grant program from Biden's era that was intended to increase solar energy in low-income areas. The complaint filed in federal courts in Rhode Island alleges that U.S. Environmental Protection Agency, and its administrator Lee Zeldin broke the law by rescinding grants granted in 2024 to nonprofit groups, tribals, and states.
Trump's energy pivot accelerates US mergers and asset sales of solar, wind power
Analysts and industry insiders say that the Trump administration's retreat from renewables has prompted consolidations and asset sales by smaller U.S. wind and solar power companies, as they struggle to stay afloat. The One Big Beautiful Bill Act of President Donald Trump (OBBBA), which focuses on coal, oil, and gas, has drastically shortened the eligibility window for solar and wind energy projects. This is a radical departure from his predecessor Joe Biden's green energy policies.
Orsted shares rise 12% after US Judge lifts Trump's ban on Revolution Wind project
Orsted shares rose up to 12% on early Tuesday trade after a U.S. Federal Judge ruled it could resume work on the nearly completed Revolution Wind project that was halted last month by U.S. president Donald Trump's government. Trump has been repeatedly critical of wind farms, calling them ugly, unreliable, and expensive. He has urged federal agencies to curtail the development of wind power. Orsted however has a major win.
US Judge rules Trump can't block Rhode Island offshore Wind Project
A federal judge ruled that the Danish offshore wind developer Orsted could restart the work on the almost finished Revolution Wind project, off the coasts of Rhode Island. The project was halted by President Donald Trump’s administration last month. Trump's efforts to stop offshore wind expansion in U.S. waterways have been hampered by the ruling. Orsted has won a tangible victory, as it is losing $2 million per day since August 22, when the project was stopped.
US Judge allows Trump-halted offshore wind project to resume construction
A federal judge granted Monday a request from Danish offshore wind developer Orsted, to resume work on the nearly completed Revolution Wind project. The Trump administration had halted this project last month. This ruling is a setback to Trump who had sought to stop the expansion of offshore wind power in U.S. water. Attorneys from the administration argued that this project off the coast of Rhode Island did not comply with certain conditions of its permit. U.S.
US court weighs Trump's halt to Rhode Island offshore wind project
On Monday, a federal judge will review a request from Danish offshore wind developer Orsted for the restart of work on the almost finished Revolution Wind project that was halted by President Donald Trump’s administration last month. Orsted, along with its joint venture partner Skyborn Renewables, has asked Judge Royce Lamberth at the U.S. District Court of Washington for a preliminary injunction to be granted in a suit they filed earlier in the month against the U.S. Interior Department's order to stop work.
Developer says US stoppage of Rhode Island offshore wind is unjustified
According to court documents filed Thursday, the owners of Revolution Wind claimed that the reasons given by the Trump administration for stopping the work on their Rhode Island offshore windfarm were "factually inaccurate" and revealed only after the government had ordered the project to be halted. The filing at the U.S. District Court for the District of Columbia was part of a suit filed earlier this month against a stop-work notice issued by the Department of the Interior to Revolution Wind in August. U.S.
Orsted's Revolution Wind files suit against the Trump administration for project cancellation
A court filing on Thursday showed that the Revolution Wind joint-venture of Orsted, the Danish wind farm developer, has sued the Trump administration over its decision to stop construction of the project near Rhode Island. Last month, the U.S. Bureau of Ocean Energy Management gave Revolution Wind an order to stop work. The project was already 80% completed with 45 of 65 turbines and all offshore foundations installed.
New England officials claim that the US's decision to halt a wind project is a mystery.
Business and government leaders in New England claimed that the Trump administration's decision to stop work on a nearly finished wind farm near the coast of Rhode Island is a threat to grid reliability and jobs, and it defies any explanation. Connecticut and Rhode Island state leaders demanded information from the Trump administration on why the order was issued late Friday to stop work on the Revolution Wind project.