Nipper rejects capital raise despite higher costs
Development expenses for offshore wind projects have piled up, potentially leading to earlier divestments than otherwise, although Ørsted’s CEO clarifies that any potential capital raise would, true to strategy, be spent on growth.
BY VICTOR BRANDT EKÆRGAARD, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Higher costs in connection with transport, installation, congestion and interest rate hikes have resulted in Ørsted reporting an impairment of DKK 2.5bn for US offshore project Sunrise Wind.
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