Orsted's U.S. Wind Farm Stop-Order Could Disrupt Equity Raise -- Market Talk
Dow Jones
Aug 25
0607 GMT - Orsted could be forced to delay its $9.4 billion equity raise after a setback in a near-complete U.S. offshore wind farm, Citi says in a research note. The Danish renewables energy company got a stop-order for its Revolution Wind project off the coast of Rhode Island. It isn't clear what could help the project resume, analysts write. There could be a similar outcome to that of Equinor's Empire Windproject off the New York, where the stop order took around a month to lift. "The implication of such delay, however, could be a postponement to Orsted's planned equity raise, as well as its potential size, depending the scale of additional costs," they note. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 25, 2025 02:07 ET (06:07 GMT)
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