US investment in wind energy is under fire from President Donald Trump. Photo: PA
Bloomberg
Orsted raced to reassure investors over a proposed 60 billion krone (€8bn) share sale, saying it will go ahead as planned and will cushion the beleaguered Danish wind giant against any worst-case scenario.
Top executives are meeting shareholders in London and Frankfurt this week to shore up support for the offering after a US decision to halt a key wind project sent the stock to a record low. It’s crucial to get shareholders onside if Orsted is to complete other offshore wind farms and steady its finances as President Donald Trump’s interventions threaten to end US investment in the sector for good.
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