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Shares in wind farm developer Orsted tumbled soon as trading kicked off on Monday after the U.S. government ordered the company to halt construction of a nearly completed project.

The company's shares ended the day around 16.7% lower, provisionally, with shares hitting a record low according to LSEG data.

Late on Friday the U.S.' Bureau of Ocean Energy Management had issued a stop-work order for the Revolution Wind Project off of Rhode Island. According to Orsted, the project is 80% complete and 45 out of 65 wind turbines have been installed.

The company also said that it would comply with the U.S. order and that it was considering options to resolve the issue and press ahead with construction.

The order com

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