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Denmark's Orsted seeks $9.4 billion

Denmark's Orsted seeks $9.4 billion as US wind market falters

Denmark's Orsted on Monday asked its shareholders for 60 billion crowns ($9.4 billion), sending the stock sharply lower as the wind farm developer seeks to boost its finances amid U.S. President Donald Trump's opposition to wind power.

MarketWatch on MSN · 2d

Orsted made a bet on U.S. wind business. It failed and now it’s turning to Denmark for help.

Shares of wind turbine maker Orsted lost as much as 29% as the company announced it’ll sell 60 billion Danish kroner ($9.3 billion) in stock in an offer underwritten by the Danish government.

Invezz on MSN · 2d

Denmark’s Orsted seeks $9.4B amid US wind power opposition

Orsted, a Danish wind farm developer, saw its stock decline sharply on Monday after requesting 60 billion crowns ($9.4 billion) from shareholders. This move aims to strengthen its finances amidst US President Donald Trump’s opposition to wind power.

Denmark Injects Billions Into Orsted, Sparking Political Backlash

Denmark’s plan to inject billions of dollars into the offshore wind giant Orsted has sparked political backlash. Taxpayers ...

20h

Hedge Fund Boss Says Orsted Share Sale Is ‘Invitation’ to Short

The plan by Denmark’s Orsted A/S to sell more than $9 billion of shares is being seen by one hedge fund boss as an invitation to short the stock.

Denmark's Orsted plans to raise $9.4 billion in rights issue

Danish wind farm developer Orsted said on Monday it plans a 60 billion crowns ($9.4 billion) rights issue, citing adverse ...

The Local - Denmark2d

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 ...

Denmark Says There Is Security-Policy Dimension to $4.7 Billion Orsted Investment

The Danish state has committed to invest over $4.68 billion in Orsted as the company aids the country's energy-security ambitions, while remaining an important driver of the clean-energy transition.

Power Technology on MSN1d

Ørsted announces $9.3bn rights issue to fund offshore wind projects

Denmark-based offshore wind power developer Ørsted has announced a DKr60bn ($9.3bn) rights issue to enhance its capital ...

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