Tag: $Orsted

Renewables giant Orsted on Friday received approval from shareholders for its emergency 60 billion Danish kroner ($9.4 billion) rights issue, shortly after issuing a fresh profit warning.

Norwegian oil giant Equinor on Monday pledged to support Denmark’s Orsted with almost $1 billion of fresh capital, backing the beleaguered company amid sustained attacks on offshore wind projects from the Trump administration.

Shares in wind farm developer Orsted tumbled soon as trading kicked off on Monday after the U.S. government ordered the company to halt construction of a nearly completed project.

Orsted shares crashed more than 25% on Monday morning, after the wind farm developer said it plans a 60 billion Danish kroner ($9.4 billion) rights issue, following a “material adverse development” in the U.S. market.

Orsted is parting ways with Chief Executive Officer Mads Nipper as the Danish wind energy group grapples with supply-chain bottlenecks, high financing costs and U.S. President Trump’s opposition to wind power.

The world’s largest offshore wind developer has announced fresh writedowns on its US business, sending its shares down sharply as the inauguration of Donald Trump as president clouds the outlook for the renewables sector.  

Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted, it said on Monday, as it seeks to build up its renewables portfolio.

Orsted, the world’s largest offshore wind developer, said it planned to take steps “to become a leaner and more efficient” organization following a year marked by “substantial challenges.”

Nov 1 (Reuters) – Renewable energy firm Orsted on Wednesday halted the development of two U.S. offshore wind projects and said related impairments had surged, as the industry grapples with supply chain delays and higher costs.

Denmark’s Orsted , the world’s largest offshore wind farm developer, said on Wednesday it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits.

Η Cenergy Holdings ανακοινώνει ότι η Hellenic Cables, ο κλάδος καλωδίων της, υπέγραψε σύμβαση με την Ørsted, την πιο βιώσιμη εταιρεία ενέργειας στον κόσμο, για την προμήθεια inter-array καλωδίων για το υπεράκτιο αιολικό πάρκο Hornsea 3.