Ørsted's $9bn Strategy: A Bold Move for Financial Stability

Ørsted’s $9bn Strategy: A Bold Move for Financial Stability

In Short : To strengthen the company’s finances in the face of growing difficulties, Ørsted’s shareholders overwhelmingly authorized a DKr60 billion ($9.4 billion) rights issue at an extraordinary general meeting in Copenhagen. The nearly finished Revolution Wind project has been put on hold, and the Danish offshore wind powerhouse is having trouble selling a part in the Sunrise Wind project because of a hostile political environment. Because of the halt order, Ørsted has sued the U.S. government.

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