Orsted continues share issue as it looks to salvage €3.4bn US wind farm plan

Orsted will continue with plans to sell shares as it tries to contain a growing crisis that worsened after US president Donald Trump’s administration ordered construction to halt on an almost-finished offshore wind farm.

Orsted will continue with plans to sell shares as it tries to contain a growing crisis that worsened after US president Donald Trump’s administration ordered construction to halt on an almost-finished offshore wind farm.

The value of the company plunged on August 11 after an announcement for plans to raise some 60 billion Danish kroner (€8bn) from investors, half of which will come from Danish taxpayers. It would be the biggest share sale for the European energy sector in over a decade.