The photo taken on September 4, 2023 shows the windmill in the Nisted offshore Wind Farm created by Danish Windpower veteran Orsted in 2002-2003 in Baltic Sea near Gedsar in Denmark.
Thomas Transadhal | AFP | Getty images
Norwegian oil legend Odd On Monday, the pledge to support Denmark’s Orsted was with a fresh capital of about $ 1 billion, which was in the middle of the company. Continuous attack On offshore wind projects from Trump administration.
The world’s largest offshore wind developer, in a clear performance of confidence in Equinor Signal Its intention to participate in Orsted’s plan 60 billion Danish Krone ($ 9.4 billion) issue of rights and it was said that it aims to capture its 10% ownership in the company.
Iqwinor said his strategic support of the issue of rights reflects its belief in the underlying business of Ors. and the competition of the offshore wind in future energy mix. The state -backed Norwegian Energy Group is the second largest shareholder in the Orsted, behind the Danish government.
As part of the move, Iqwiner said that it would nominate a candidate in the board of directors of Ors.
Orsted shares increased by 3.6% on the news, which led to the benefit. Stock price, which is about 90% below 2021, peak made a nozzle Late record low Last month, the company ordered the Trump administration that the company ordered to stop the work near a complete windmill.
On Monday morning, the Ekwiner shares were last seen 0.2% more.
The two companies are navigating challenges around the offshore wind industry, with Ekwiner that it is closely monitoring in the US, and that it intends to remain in dialogue with Orsted.
Pawan industry has been a target since US President Donald Trump First day in officeThe latest shock came on Friday when US Transport Department $ 679 million canceled In federal funding for a dozen infrastructure projects that will support wind energy across the country.
Transport Secretary Sean Dafi said, “Useless, wind projects are using resources that can otherwise go towards reviving US maritime industry,” Transport Secretary Scene Duffy Said In a statement.
Analysts at RBC Capital Markets said that Ikwiner’s move to support Orsted could be seen as the first step for the company given the possibility of possible merger between two offshore wind departments.
The challenge with RBC Capital Market analysts said in a research note, “The challenge with the entire participation is that the company will effectively increase its net risk for two 100%-US offshore wind projects, of which neither is the possibility of farming in the near period, and where political support is uncertain,” RBC Capital Market Analysts said in a research note.
He said, “Older positive is that along with its staked stake, the board will now be representing the board, which will lead to the most challenging situation.”
Spokespersons of Ecwinder and Orsted did not immediately respond to the CNBC request for comments.
CNBC Spencer Kimball and Ganesh Rao contributed to this report.
