Offshore Wind Projects
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Orsted Raises $9.4 Bln Amid Hit From US Wind U-Turn
Youtube· 2025-10-07 07:59
Group 1 - The high take-up rate of 99% is seen as a strong vote of confidence in the company's business model, especially after facing significant challenges during the Trump administration [1] - The Danish state, owning 50.1% of the company, and other major shareholders like Equinor, which owns 10%, have committed to supporting the rights issue, indicating strong backing for the company [2][3] - The company is refocusing its strategy towards European offshore projects while divesting from onshore projects in Europe, acknowledging the political uncertainty in the US market [4][5] Group 2 - The company plans to "rightsize" its business, which may involve significant layoffs, with reports suggesting a potential reduction of around 20% of its workforce in the fourth quarter [5][6] - The focus is now on completing core projects and reorganizing the company to adapt to the new strategic direction after a challenging period [6]
X @Bloomberg
Bloomberg· 2025-08-26 09:38
Mitsubishi will withdraw from three offshore wind projects in Japan https://t.co/RYYMz8ZOej ...