News

Ørsted shares sink on $9bn fundraising plan to shore up Trump-hit wind project

Ørsted shares tumbled by a third on Monday after the world’s largest offshore wind developer announced plans to raise DKr60bn ...
E&E News1d

Ørsted scrambles for cash in face of Trump opposition

The Danish energy giant saw its shares tumble Monday after it announced a high-stakes plan to help fund a New York offshore ...

Ørsted: ROICs Seem To Be Getting Compressed

While the figures above should be taken with a grain of salt, the point is that the ROICs in the business are contracting, ...
OilPrice.com2d

Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil

The world’s biggest offshore wind project developer, Orsted, plans a $9.4 billion (60 billion Danish crowns) rights issue to ...

This Giant Wind Farm Developer Is Facing a Trump-Fueled Perfect Storm

Monday, after the wind-power giant said it needed to raise billions of dollars from shareholders following President Trump’s ...

Even a giant capital increase will not clear Ørsted’s storm clouds

The Danish group has little choice but to pursue a rights issue given its Sunrise Wind project has run into a Trump-shaped obstacle ...
Isle of Man Today1d

Isle of Man's first offshore windfarm could 'pump £2 billion' into Manx economy

It would be the first offshore wind farm in Manx territorial waters, which extend to 12 nautical miles from the coastline.

Ørsted weighs up to €5B rights issue to shore up finances - Bloomberg

(OTCPK:DNNGY) is considering raising as much as €5B ($5.8B) from a rights offering to shore up its finances, and could ...