Overview

• Ørsted discontinued the planned partial sale of its 924 MW Sunrise Wind project after citing material adverse developments in the U.S. offshore wind market and will now fund roughly DKK 40 billion of its construction costs on its balance sheet.
• The company launched a DKK 60 billion rights issue with pre-emptive rights for existing shareholders, backed by a pro rata commitment from the Danish state and full underwriting by Morgan Stanley for any unsubscribed shares.
• Ørsted’s shares plunged about 30 percent to record lows when trading reopened following the rights issue announcement.
• An extraordinary general meeting has been scheduled for September 5, 2025, to seek shareholder approval for the proposed capital raise.
• Chief executive Rasmus Errboe reiterated confidence in Europe’s long-term offshore wind fundamentals and said the funds would restore financial flexibility amid broader cost and interest-rate pressures.