Reported about 14 hours ago
Denmark's Orsted has requested 60 billion crowns ($9.4 billion) from shareholders to improve its finances as the U.S. wind market struggles due to rising costs and political opposition, specifically from former President Donald Trump. The company faces significant funding needs for its Sunrise Wind project amid increased market uncertainty, leading to a sharp decline in its stock value. The Danish government, which holds a majority stake, has agreed to participate in the funding effort.
Source: YAHOO