Earlier this month, Orsted won shareholder approval for the capital raise, which it needs to help fund U.S. projects thrown into uncertainty by President Donald Trump’s opposition to the renewable energy source.
Sign up here.
“Today …we’re initiating a rights issue, through which we intend to raise capital to cover the additional funding requirement related to Sunrise Wind and create a robust financial foundation for Orsted to realise the potential of our business,” it said in a statement.
($1 = 6.3661 Danish crowns)
Reporting by Stine Jacobsen, editing by Essi Lehto and Anna Ringstrom