Market Mayhem: Ørsted’s $9B Plea for Cash Sends Stock to Rock Bottom

The renewable energy market has been thrown into mayhem after Danish leader Ørsted made a $9 billion plea for cash, a move that sent its stock price to rock bottom. The company’s worst-ever trading day came as a direct reaction to the hostile policies enacted by the Trump administration against the offshore wind sector.
The mayhem began with a US government decision to freeze all permitting and leasing for wind projects. This policy has paralyzed the industry’s financial engine, preventing companies like Ørsted from raising capital by selling equity in their developments, a critical part of their business model.
According to CEO Rasmus Errboe, the “extraordinary” circumstances were created by the dual impact of this US political obstruction and persistent issues within the global supply chain. The emergency plea for funds reflects the severe liquidity crunch the company is now facing.
Despite the Danish government’s backing, the crisis at Ørsted has sounded alarm bells across the global investment community. It highlights the significant political risks now associated with the US renewable market and threatens to stall progress on international climate goals.