0815 GMT - The resumption of Equinor's Empire Wind energy project in New York is important to peer Orsted, RBC Capital Markets analysts say in a research note. While Orsted isn't directly involved in the project, the Danish company is a major player in the offshore wind industry with assets under construction in the U.S. The fact that the project is now back on removes the uncertainty overhang that had been placed over the stock in the last month as it signals a more favourable regulatory environment, the analysts say. Orsted is 13.2% higher in early European trade. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 04:16 ET (08:16 GMT)
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