Offshore wind developer Orsted secures $9.4 billion emergency rights issue for U.S. projects impacted by Trump’s anti-wind policies. Orsted, once a leader in offshore wind, faces credit rating downgrade amid supply chain disruptions and project delays. Orsted’s U.S. projects, Sunrise Wind and Revolution Wind, are at the center of the crisis. Costs for Revolution Wind spike due to stop-work order, while low wind speeds and project delays in Taiwan affect outlook. Orsted’s survival hinges on the rights issue, with S&P warning of potential future pressures. Equinor invests $941.2 million in the rights issue to support Orsted’s recovery.
Read more at Yahoo Finance: Orsted wins approval for emergency rights issue as Trump threatens US projects
