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Ørsted Moving Ahead with EUR 8 Billion Rights Issue to Build Sunrise . . . The planned rights issue has been sized to provide the required strengthening of Ørsted’s capital structure to execute its business plan, even when taking into account the impact of this uncertainty on Ørsted’s US offshore wind portfolio”, the company said on 25 August
Ørsted ceases development of its US offshore wind projects Ocean Wind 1 . . . Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio
U. S. Offshore Wind Policy Risk and Its Impact on Ørsted’s Valuation - Trump administration's 2025 policy shifts, including offshore wind leasing halts and tariff hikes, have triggered a crisis for the U S offshore wind sector, with Ørsted facing $1B+ costs from halted projects like Revolution Wind
Trumps wind war threatens embattled Orsteds $9. 4b survival plan Adding to its troubles, low wind speeds in July and August, a delay to a project under construction off Taiwan, and a global reduction in the huge subsidies that keep the controversial industry afloat, prompted it on Friday to cut its operating profit outlook for 2025
Ørsted raises capital to navigate US offshore wind uncertainties Ørsted decided to raise equity to help withstand the highly challenging and uncertain regulatory environment in the US, where the Trump administration has sought to cancel offshore wind projects, including projects close to completion
IRA at 1: US boost to offshore wind imperiled by struggling projects Despite the headwinds, the White House said in July that the IRA and its capacity targets are creating a new American industry in offshore wind, with 18 offshore wind shipbuilding projects and investments of nearly $3 5 billion in 12 manufacturing facilities and 13 ports
Orsted Braces for Rights Issue Approval After US Offshore Wind Setbacks Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9 4 billion emergency rights issue as it seeks to avert a looming credit downgrade
Ørsted announces impairments relating to US interest rate increases . . . We’re working diligently and in close collaboration with our suppliers to manage the remaining risks impacting the construction of Sunrise Wind Delivering the project within the updated schedule and cost is an absolute top priority for Ørsted