![](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/02\/-1x-1.png\"\/)
\u00a0\u00a0<\/p>\n(Bloomberg) — Orsted A\/S plans to reinstate dividends and ramp up spending this year, even after a string of expensive setbacks in the US clouded the company\u2019s turnaround efforts.<\/p>\n
The renewables developer intends to raise investments to as much as 55 billion Danish kroner ($8.7 billion) in 2026 and return cash to investors for the first time since 2023, it said in a statement.<\/p>\n
Orsted is gradually repairing its balance sheet, shoring up funds last year with a massive rights offering and recently agreeing to sell its European onshore wind business, completing a divestment plan. Its shares rose as much as 5.6% on Friday and are up 18% this year, suggesting the worst of the company\u2019s troubles may be easing, though the outlook for the industry remains uncertain.<\/p>\n
\u00a0\u00a0<\/p>\n
Earnings before interest, taxes, depreciation and amortization dropped to 3.87 billion kroner in the fourth quarter, missing analyst estimates. Orsted booked 2.13 billion kroner of impairments, mostly due to legal costs associated with the suspension of US projects.<\/p>\n
Wind developers operating in the US are contending with a hostile administration, which halted work on two Orsted projects in 2025 before court rulings allowed construction to resume. The stoppages added to numerous challenges for the company in recent years \u2014 from soaring costs to supply-chain bottlenecks and multibillion-dollar writedowns.<\/p>\n
The firm is now focused on completing the US projects while turning its attention back to Europe, where it sees stronger prospects for growth.<\/p>\n
The capital raise and divestments have allowed the company to \u201cfactor in regulatory uncertainties, including what is going on in the US,\u201d Chief Executive Officer Rasmus Errboe said on a call with reporters. Now, \u201cwe do have the needed financial robustness to address that and also to be able to invest in Europe.\u201d<\/p>\n
Orsted reported full-year Ebitda of 22.4 billion kroner, at the lower end of company guidance, and reaffirmed its earnings forecast for 2026.<\/p>\n
(Updates with shares in third paragraph, CEO comment in seventh.)<\/p>\n
\u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"(Bloomberg) — Orsted A\/S plans to reinstate dividends and ramp up spending this year, even after a 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