Pedersen and Soren Jeppesen COPENHAGEN (Reuters) -Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.

Shares in Orsted slid 17 per cent on Monday after the U.S. halted the Danish company’s Revolution Wind project off Rhode Island, adding to concerns about the future of the U.S. offshore wind market as U.

The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.