![\"\"\/](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/02\/quick-sub-header.png\")
<\/p>\n
\n\u00d8rsted, 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\u2019s current market valuation, causing its stock price to collapse nearly 30 percent on Monday, August 11.<\/p>\n
The company cited a \u201cmaterial adverse development\u201d in the U.S. market for offshore wind development. \u00d8rsted had bet heavily on the U.S. market, paying high valuations to win leases before the Trump administration launched its crackdown on the industry and costs began to soar across the global supply chain. Several years ago, the company walked away from two large wind farms planned for New Jersey, and this year said it would not proceed with the UK\u2019s largest wind farm project, Hornsea 4, due to rising costs.<\/p>\n
Major wind developers have followed a business model of taking the risk to win the leases and investing the time to gain permit approvals before starting the development of the wind farms. With strong investment interest, they were selling portions of the projects, often to private equity or investment managers raising the capital to fund future projects.<\/p>\n
\u00d8rsted reports that after the Trump administration suspended permitting for Equinor\u2019s New York offshore wind farm earlier this year, investors have soured on the U.S. market. They view the risk as too high based on the continuing opposition from the Trump administration.<\/p>\n
\u00d8rsted was in discussions with an investor to purchase a portion of its Sunrise Wind project, a 924 MW offshore wind farm located roughly 30 miles off the coast of New York’s Montauk Point. Work is underway both onshore and off for the project, with the first foundations having recently gone in. However, the board reports it has decided to end discussions on a possible sale of a portion of Sunrise Wind, meaning it will also not benefit from expected project financing and resulting in an incremental cost of approximately $6.2 million.<\/p>\n
The company is calling the rights offering the best solution, while some analysts said it was the only option left for \u00d8rsted. The Danish Government, which owns half of \u00d8rsted, has indicated it will participate in the rights offering. The company says two-thirds of the proceeds will be required to fund the construction of Sunrise Wind, and the remainder will be used to develop future projects.<\/p>\n
<\/p>\n
Stay on Top of the Daily Maritime News<\/p>\n
The maritime news
\n
that matters most<\/p>\n
\n Get the latest maritime news delivered to your inbox daily.\n <\/p>\n
The company highlights that it currently has 8.1 GW of offshore wind projects under construction by 2027. It reports continued \u201cgood progress\u201d across its entire construction portfolio according to plan, with almost 70 percent of the offshore wind turbines installed at Revolution Wind, its other U.S. project, which is due to be completed in 2026 and supply power to Connecticut and Rhode Island.\u00a0<\/p>\n
Operationally, it said the business is recovering and lowering costs. It cited strong earnings of DKK 13.9 billion ($2.2 billion), supporting its full-year EBITDA guidance of DKK 25-28 billion. The rights issue announced today, management said, would strengthen \u00d8rsted\u2019s capital structure and provide financial robustness in the years 2025 through 2027.
\n\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00d8rsted, one of the leading developers of renewable energy including offshore wind projects, is turning to its…\n","protected":false},"author":2,"featured_media":11385,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[285],"tags":[1294,817,287,8896,213,2347,75,2348],"class_list":["post-11384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orsted","tag-capital","tag-offshore","tag-orsted","tag-raise","tag-rights","tag-sunrise","tag-trump","tag-wind"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/11384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=11384"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/11384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/11385"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=11384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=11384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=11384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}