Orsted shares tumble 17% as U.S. government halts wind project construction
CNBCยท2025-08-25 07:45
Group 1 - Orsted's shares fell approximately 17% following a U.S. government order to halt construction on a nearly completed project [1] - The U.S. order, announced late on Friday, has pressured Orsted's plans to raise capital [2] - Orsted plans to proceed with a 60 billion Danish kroner ($9.4 billion) rights issue, supported by its majority stakeholder, the Danish state [2]