By Nora Buli OSLO (Reuters) -Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.

Federal orders issued under the Trump administration halted construction of New York’s Empire Wind Project, triggering legal challenges and raising concerns about the impacts on New York’s energy supply going forward.

Equinor, the Norwegian-based energy company, said this week it is within days of having to decide whether to scrap its Empire Wind I offshore wind project.

National Grid beat annual profit estimates on Thursday, helped by higher earnings from its UK electricity transmission and New York businesses, and said it was on track to invest 60 billion pounds ($79.

Offshore wind is a once in a lifetime opportunity for the North Coast’s rural economy,” California Senate President Pro Tem Mike McGuire (D-Healdsburg) told the Times-Standard. “Estimates project