Home / Business and Economy / Orsted Weighs €5 Billion Rights Offering to Shore Up Finances
Orsted Weighs €5 Billion Rights Offering to Shore Up Finances
8 Aug
Summary
- Orsted considering €5 billion rights offering
- Company's market value has plunged from 2021 peak
- Offshore wind industry facing rising costs and supply chain issues
As of August 8, 2025, Danish energy company Orsted is weighing a plan to raise as much as €5 billion through a rights offering to bolster its financial position. The potential fundraising move comes as Orsted's market value has plummeted from its peak in 2021, driven by rising costs and supply chain challenges facing the offshore wind industry.
Orsted, which operates onshore wind, offshore wind, solar, and storage projects across the United States, has been grappling with the fallout from former U.S. President Donald Trump's opposition to offshore wind development. This has further eroded investor confidence in the company.
Rasmus Errboe, who took over as Orsted's CEO in January 2025, now faces the task of restoring investor trust and streamlining the company to adapt to the evolving offshore wind market. In May 2025, Orsted scrapped plans to build a major offshore wind farm in the UK, citing a deteriorating global business environment for renewable energy projects.
Despite these headwinds, Orsted maintained its 2025 outlook, excluding new partnerships and cancellation fees, during its first-quarter earnings report. The company is scheduled to release its half-year 2025 results on August 13.
