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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 · 1d

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.

MarineLink · 1d

Orsted Shares Plunge as it Seeks $9.4B to U.S. Wind Power Project

Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S.

Orsted plans €8bn rights issue

Reuters on MSN · 2d

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

STOCKHOLM (Reuters) -Danish wind farm developer Orsted said on Monday it plans a 60 billion crowns ($9.4 billion) rights issue, citing adverse development in the U.S. offshore wind market. Orsted said in a statement the Danish state,

The Wall Street Journal on MSN · 2d

Orsted Plans $9.4 Billion Rights Issue to Fund Offshore Wind Projects

Orsted plans to propose a rights issue that could raise $9.4 billion as it seeks fresh funds to continue its offshore wind construction projects. The Danish renewable-energy company said Monday it plans to offer new shares to existing shareholders,

CNBC on MSN · 1d

Orsted plunges 30% as it plans $9.4 billion rights issue after ‘adverse' turn in U.S. market

Orsted cited a "material adverse development" in the U.S. market as driving its decisions. Orsted shares crashed 30% on Monday morning, after the wind farm developer said it plans a 60 billion Danish kroner ($9.

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 ...

The Local - Denmark1d

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.

Soren Jeppesen

The latest international Soren Jeppesen news and views from Reuters - one of the world's largest news agencies ...

NBC Chicago1y

Denmark’s Orsted wins $680 million JPMorgan backing for U.S. solar ...

Renewable energy developer Orsted announced on Thursday won a $680 million investment from JPMorgan for two of its energy projects, including Eleven Mile Solar near Coolidge, Arizona. Eleven Mile ...

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