Shares in Danish company Ørsted were down by around 16% in Copenhagen on Monday afternoon. The fall followed an order from the US Bureau of Ocean Energy Management (BOEM), issued to the firm late on Friday,

Monday after the Trump administration ordered the Danish energy company to halt work on its nearly completed $1.5 billion Revolution Wind project off Rhode Island, heightening financial pressure on Europe's largest offshore wind developer.

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