Orsted Raises $9.4 Bln Amid Hit From US Wind U-Turn

Investor Confidence & Financial Backing - Investor take up of 99% indicates strong belief in the company's business model [1] - The Danish state (owning 50.1%) and Equinor (owning 10%) supported the rights issue [2] - Major shareholders provided significant backing for the company [2][3] Business Strategy & Restructuring - The company is refocusing on established European offshore projects [3] - The company is narrowing its business model to focus on core European projects [4] - Onshore projects in Europe are being sold off [4] - The company is reducing its focus on the US market due to political uncertainty [4][5] - The company aims to "rightsize" the business, likely involving layoffs [5] - Approximately 20% of employees may be laid off in the fourth quarter [6] Challenges & Future Outlook - The company faces the challenge of reorganizing after a difficult period [6] - The company is determining which projects to complete and undertake [6]