Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to the White House.

Orsted A/S recorded a 12.1 billion-krone hit on its earnings as the costs of offshore wind farms, particularly in the United States, keep rising.

Donald Trump halted construction on what was set to be the largest wind farm in the U.S. on his first day in office. The president stopped building work on over 100,000 acres of clean energy infrastructure at the Lava Ridge Wind Project in Idaho via an executive order on Tuesday.