(Reuters) -The Trump administration’s order to halt work on a major wind farm under construction off the coast of Rhode Island threatens grid reliability and jobs, energy and labor officials said on Monday.
ISO New England, which operates the grid in six states, and North America’s Building Trades Unions made those criticisms in statements after President Donald Trump’s Interior Department on Friday abruptly ordered work to stop on the Revolution Wind project, which is 80% complete, citing unspecified national security concerns.
Shares of project developer Orsted, which is based in Denmark, sank to record lows on Monday.
“The ISO is expecting this project to come online and it is included in our analyses of near-term and future grid reliability,” the grid operator for 15 million people