Overview

• Ørsted offered existing shareholders pre-emptive rights to raise DKK60 billion ($9.4 billion) in new equity to bolster its capital structure.
• The Danish state, which holds 50.1 percent of Ørsted, has committed to subscribe for its full pro rata share.
• Morgan Stanley & Co. International plc agreed to underwrite any unsubscribed shares to guarantee the offering’s completion.
• Accelerated phase-out deadlines in the US One Big Beautiful Bill have stalled the planned partial divestment and non-recourse financing of the Sunrise Wind project.
• Despite elevated costs, interest rates and US policy headwinds, Ørsted reaffirmed its confidence in long-term offshore wind demand across Europe.