Overview

• Ørsted lowered its 2025 EBITDA guidance to DKK 24–27 billion from DKK 25–28 billion, citing weaker performance.
• Lower-than-normal offshore winds in July and August and a delay at Taiwan’s Greater Changhua 2b are set to reduce core earnings by about $235 million.
• Shareholders approved a DKK 60 billion rights issue to address a financing shortfall after U.S. government actions hindered a planned Sunrise Wind stake sale and project funding.
• Equinor will participate in the capital raise with roughly $939 million to maintain its 10% holding in Ørsted.
• BOEM issued a stop‑work order for the Revolution Wind project, which is about 80% complete with 45 of 65 turbines installed, and the project partners have sued to challenge the order.