Burbo Bank, Liverpool Bay, England, seen from sea turbines on the Burbo wind farm off the British coast.
UCG | Universal Image Group | Getty images
ORSTED shares collapsed by more than 25% on Monday morning, after the wind promoter said that he was planning a Danish 60 billion kroner rights ($ 9.4 billion), following an “hard -working -end development” on the US market.
The company said that this turn of events that did not leave it able to collect funds from a partial disinvestment of its Sunrise Wind project off New York.
Given the market conditions, the Board of Directors of Orsted decided to end the process of selling a participation in Sunrise Wind, which would have provided the “required strengthening” of its capital structure to support its investment and commercial development programs.
ORSTED – The largest offshore wind developer in the world – will offer existing shareholders first the refusal of the new actions under the planned decision, which is supported by the Danish State, the largest shareholder in the company.
The shares were less than 26.8% at 9:09 a.m. in London (4 h 09 HE).
This story of rupture is updated.
