The global wind industry has been shaken by news that Danish leader Ørsted is seeking $9 billion in emergency fundraising. The announcement, prompted by severe political headwinds from the Trump administration, caused the company’s stock to crash to an all-time low, signaling a deep crisis in the sector.
Ørsted’s financial stability was compromised by a US policy that has frozen the offshore wind market. The administration’s review of all permits has blocked the company’s ability to sell stakes in its projects, a critical mechanism for financing the high cost of wind farm construction.
CEO Rasmus Errboe described the situation as “extraordinary,” blaming a combination of US political hostility and persistent supply chain issues for the company’s plight. The massive capital raise is a necessary measure to navigate this newly hostile and unpredictable environment.
The Danish government, holding a 50% stake, is supporting the move, but the crisis has created deep uncertainty for the entire renewable energy landscape. Experts warn that the political climate in the US could now reshape the industry and jeopardize global efforts to meet climate targets.
Wind Industry Shaken as Ørsted Announces $9B Fundraiser Amid Political Headwinds
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