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Stock impact report

Trump administration's legal setbacks are good news for offshore wind — and the grid [TechCrunch]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: TechCrunch
The Department of the Interior had ordered a stop to five projects totaling 6 gigawatts of generating capacity in December, citing national security concerns. The judicial orders will allow three projects to resume construction: Revolution Wind off Rhode Island, Empire Wind off New York, and Coastal Virginia Offshore Wind off — you guessed it — Virginia. The developers each filed lawsuits shortly after the Trump administration issued the stop work order, which had been effective for 90 days. When announcing the halt just days before Christmas, the government cited concerns the wind farms would interfere with radar operations. It's a valid concern, and one the government and project developers grappled with throughout the siting and permitting process. Wind farms can be located to minimize disruption to existing radar facilities, and the radar equipment itself can be upgraded to filter out noise generated by whirling turbine blades. President Trump himself has made it no secret Show less Read more
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