Friday’s order from the US Bureau of Ocean Energy Management to stop work on the $1.5bn Revolution Wind project, which is 80 per cent complete, sent Ørsted ’s shares down 18 per cent in early trading on Monday to a record low of DKr175.

The project, which began construction after receiving final federal approval last year, is 80% complete with 45 out of 65 wind turbines installed.

It happened again. For the second time this year, the Trump administration has halted the construction of a massive offshore wind farm being built to power blue states.