Wind farm developer Orsted launches lawsuit after White House suspension
Orsted, the world's largest offshore wind farm developer, has launched legal action against the US government over the suspension of an almost-complete $5 billion project offshore of Rhode Island and Connecticut. The Trump administration, via the Bureau of Ocean Energy Management, on the Monday before Christmas issued a suspension order for the Revolution Wind project, a 50/50 joint venture between Ørsted and Skyborn Renewables, owned by BlackRock's GIC arm.
Orsted files legal challenge over Trump's halt to $5 billion offshore wind project
Orsted on Friday launched legal action against the U.S. government over the suspension of its $5 billion Revolution Wind project. Shares of the Danish renewables giant rose more than 4% on the news.
Orsted challenges US halt of its $5 billion offshore wind project
Denmark's Orsted said on Friday it was challenging the U.S. government's suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project.
Orsted - The ADR Disconnect "HOLD"/Rotate Rating Was Correct (Rating Upgrade)
Ørsted A/S (DNNGY) is rated a speculative 'Buy' after a massive rights issue and 70% ADR decline, with risk/reward now more balanced. Recent capital improvements, including a 50% Hornsea 3 divestment and rights issue, enhance liquidity but come at the cost of shareholder dilution and future returns. 3Q25 results disappointed: EBITDA fell over 20% YoY, leverage remains high, and the company is still exposed to US regulatory and interest rate risks.
Orsted Swings to Loss Following U.S. Stop-Work Order, But Stays Upbeat for Full Year
The renewable-energy company said it remained confident of reaching its full-year targets.
Offshore wind group Orsted turns to net loss in Q3 following US woes under Trump
Orsted , the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy.
Wind power giant Orsted to slash 2,000 jobs over next two years
Orsted has faced headwinds this year as President Donald Trump's administration clamped down on wind power generation in the United States.
Orsted to cut 2,000 jobs by end-2027
Wind farm developer Orsted will cut approximately 2,000 jobs by the end of 2027, a quarter of its workforce, the Danish company said in a statement on Thursday.
Offshore wind developer Orsted still plans US Sunrise Wind project for H2 2027
Danish offshore wind developer Orsted maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company's CEO Rasmus Errboe told reporters on Tuesday.
Equinor's Orsted Investment Is Intelligent
Equinor ASA remains a valuable investment, leveraging strong oil, gas, and growing renewable portfolios despite recent share price declines. EQNR's 10% stake in Ørsted A/S and projects like Empire Wind expand its renewable energy capacity, enhancing future cash flow and portfolio diversity. Robust oil and gas production, new discoveries, and a focus on low-carbon output support stable returns, especially as European gas demand remains high.
Orsted sets 67% discount for its $9.4 billion rights issue
Offshore wind developer Orsted said on Monday it priced its $9.42 billion rights issue at 66.6 Danish crowns ($10.46) per share, representing a 66.7% discount to its closing price on Friday.
Offshore wind giant Orsted gets green light for survival plan after Trump blocks project
Danish energy group Orsted on Friday received approval from shareholders for its $9.4 billion rights issue.
