Equinor backs Ørsted’s DKK 6bn rights issue
Norwegian energy group Equinor has confirmed it will participate in Ørsted A/S’s planned rights issue, announced by the Danish company’s board on 11 August 2025. The move aims to strengthen Ørsted’s balance sheet amid ongoing offshore wind industry challenges.
In brief
Equinor confirmed its subscription to new shares in Ørsted A/S worth up to DKK 6 billion, around USD 939 million, maintaining a 10 percent stake in the Danish company. The share issue was announced by the Ørsted board on 11 August 2025, and Equinor will nominate a candidate for the Ørsted board of directors ahead of the next general meeting. Equinor's offshore portfolio comprises 0.4 GW of net installed capacity and 3.0 GW under development, while the priority remains completing projects in North-West Europe and building Empire Wind 1 in the USA.
Equinor will subscribe for new shares worth up to DKK 6 billion (approximately USD 939 million) to maintain its 10% ownership stake in Ørsted. Ahead of Ørsted’s next annual general meeting, Equinor will also nominate a candidate to the company’s board of directors.
- Our support reflects confidence in Ørsted’s fundamentals and the long-term competitiveness of offshore wind in selected markets, Equinor said in its statement.
The company stressed that the offshore wind sector is entering a phase of consolidation and will require new business models. A closer industrial and strategic collaboration between Equinor and Ørsted, it argues, could deliver value to shareholders of both companies.
Equinor added that it is closely following developments in the U.S. offshore wind market and will remain in dialogue with Ørsted.
The Norwegian group’s offshore wind portfolio currently comprises 0.4 GW of net installed capacity and 3.0 GW under development, with priority given to completing projects in North-West Europe and the Empire Wind 1 development in the U.S.
Source: Gazeta Morska · Compiled by: Kamil Kusier
Related articles
Energy and offshore Equinor takes over Bałtyk 2 and 3 O&M base in Łeba. Port to serve 1.44 GW of offshore wind for 30 years 
Navy and defence Port Gdański Eksploatacja secures NATO NCAGE code. Gdańsk port company lines up for defence tenders 
Shipbuilding industry Ex-Enterprise towed to Mobile under $418.5m contract. Test case for Nimitz-class disposal begins 
Energy and offshore Energa renames Gdańsk gas plant company as foundations for 6,000-tonne turbine and boiler are laid 
Equipment and technology WB Group takes Polish drones from Tokyo to SOFEX in Jordan in a single week 
Ports and logistics PGE books Gdańsk’s T5 terminal for the long haul: Baltica 2 first, then more offshore wind farms
Comments (0)
The discussion is moderated by the editors: a comment appears after review. Your e-mail address is not published.
Nobody has commented on this article yet.