Ørsted CEO on major sale of new shares: "It can come as opportunities arise"
Recent months have seen several countries launch big plans for offshore wind, and there’s enormous potential, says Ørsted’s CEO. The option of a 20% capital raise provides the utility’s chief with a trump card to play should growth opportunities arise.
BY VICTOR EMIL KRISTENSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN
In late March this year, Ørsted’s majority owner, the Danish state, approved in parliament the option for Ørsted to expand equity by 20%, corresponding to new shares worth roughly DKK 70bn (EUR 9.41bn) ahead of 2027 – the first time Ørsted has been permitted to flex such economic muscle in the aim of riding a major green wave.
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