US EditionOrsted Plans to Raise $9.4 Billion in Rights Issue
DENMARK, AUG 11 – Ørsted aims to strengthen its balance sheet and fund its U.S. Sunrise Wind project amid rising costs and financing challenges, with support from the Danish state covering 50.1% of the $9.4 billion raise.
- Ørsted, the Danish offshore wind developer, announced plans on August 11, 2025, to raise 60 billion Danish crowns by offering new shares to existing shareholders with guaranteed subscription support.
- The rights issue follows an extraordinary market situation caused by adverse developments in the US offshore wind sector and prior macroeconomic and supply chain challenges.
- The company revised its outlook for the offshore division from an expected increase to a more stable forecast, citing reduced wind speeds in early 2025, while keeping its full-year adjusted EBITDA projection steady between 25 billion and 28 billion crowns.
- Ørsted's CEO Rasmus Errboe said long-term fundamentals remain strong in Europe, with H1 2025 EBITDA rising 9% year-on-year to DKK 13.9 billion excluding partnerships and fees.
- The Danish state, holding 50.1% of Ørsted, will support and subscribe pro rata to the rights issue to strengthen the company’s capital structure amid halted Sunrise Wind divestment plans.
26 Articles
26 Articles
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Ørsted, one of the leading developers of renewable energy including offshore wind projects, is turning to its shareholders to raise additional capital, citing the pressure on the industry from the Trump administration. The company surprised investors by announcing it will sell rights to raise $9.4 billion, nearly half the company’s current market valuation, causing its stock price to collapse nearly 30 percent on Monday, August 11. The company c…
Danish wind giant Ørsted seeks to raise capital after US setbacks
Danish offshore wind power group Ørsted said on Monday it was planning to raise 60 billion kroner ($9.4 billion) by selling new shares as US President Donald Trump's opposition to the sector has deepened the company's woes.
Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil
The world’s biggest offshore wind project developer, Orsted, plans a $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders as challenges for the industry continue to mount. Orsted plans a rights issue with pre-emptive rights for existing shareholders amid “an extraordinary situation with the adverse market development in the US on top of the past years’ macroeconomic and supply chain challenges,” the Da…
Denmark's Orsted Plans to Raise $9.4 Billion in Rights Issue
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