Home » Ørsted’s SOS: $9 Billion Plea After Trump Policies Trigger Historic Stock Crash

Ørsted’s SOS: $9 Billion Plea After Trump Policies Trigger Historic Stock Crash

by admin477351

Danish wind giant Ørsted has issued a $9 billion SOS to the financial markets after hostile policies from the Trump administration triggered a historic crash in its stock price. The company’s shares sank to an all-time low on its worst day of trading ever, following the announcement of the emergency plea for funds.
The root cause of this corporate distress is a politically motivated freeze on the US offshore wind sector. The White House’s review of permitting and leasing has effectively cut off Ørsted’s main channel for financing its large-scale projects: the sale of equity stakes to investors.
Chief Executive Rasmus Errboe called the circumstances “extraordinary,” attributing the company’s woes to a devastating combination of US political opposition and stubborn supply chain issues. The plea for billions in new funding is a direct reaction to this hostile business environment.
While the Danish government, which holds a 50% stake, is backing the fundraising, investor confidence has been shattered. The crisis at Ørsted serves as a grim warning about the future of renewable energy in the US, threatening to unravel years of progress in the fight against climate change.

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