Wind energy titan Ørsted aims to secure funds following setbacks in the United States
Ørsted Plans Major Fundraising Effort Amid Tough Market Conditions
Danish offshore wind power giant Ørsted has announced a significant fundraising initiative, aiming to raise 60 billion Danish kroner ($9.4 billion) through a rights issue. This capital will be used to finance key offshore wind projects, including the U.S. Sunrise Wind project and others such as Chinghua 2 and Hornsea 3 [1][2][3][5].
The move is intended to strengthen Ørsted’s capital structure and provide financial robustness through 2025–2027, as the company delivers on its 8.1 GW offshore wind construction portfolio. However, the announcement has had a significant negative impact on Ørsted's stock price. Shares tumbled 28 percent on the Copenhagen stock exchange following the announcement, hitting their lowest level ever as of mid-August 2025 [3]. The share price has dropped approximately 85% from its peak in January 2021, reflecting investor concern over the company’s financial struggles to fund key projects and its failure to find investment partners or sell stakes in some assets.
Despite the Danish state, which holds 50.1% of Ørsted, committing to subscribing to its portion of the rights issue, other shareholders like Norwegian energy giant Equinor have reacted cautiously [3]. The market's lukewarm to negative sentiment outside the Danish state is due in part to uncertainty about dilution from the new shares.
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[1] [Link to source 1] [2] [Link to source 2] [3] [Link to source 3] [4] [Link to source 4] [5] [Link to source 5]
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