05 Jan 2026

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Home Blog Ørsted Secures $9.4 Billion to Navigate U.S. Offshore Wind Crisis

Ørsted Secures $9.4 Billion to Navigate U.S. Offshore Wind Crisis

codarx

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Update date: 2025/09/05

Danish offshore wind developer Ørsted won shareholder approval Friday for a $9.4-billion emergency rights issue, shoring up its balance sheet as U.S. projects face mounting political and operational setbacks. The move follows weeks of uncertainty triggered by President Donald Trump’s directive halting work on Equinor’s Empire Wind 2 project, a decision that also rippled into Ørsted’s nearby Sunrise Wind venture, according to Reuters. Two-thirds of the capital raised will be directed toward Sunrise Wind, where financing…

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