Equinor backs Orsted after Trump ramps up attacks on offshore wind
The picture, which was taken on September 4, 2023, shows the windmills at the Nysted Offshore wind farm built by the Danish Wind Power Giant Orted in the Baltic Sea near Gedser in Danish in 2002-2003.
Thomas Traasdahl | AFP | Getty Images
Norway oil giant Donkey On Monday, he promised to support Denmark’s Fresh Capital of approximately $ 1 billion with fresh capital, and supported the company surrounded by constant attacks on the Open Naval Wind Projects from Trump administration.
In a show of confidence in the world’s largest open sea wind developer, Equinor signal Integration to participate in Orted’s planned plan 60 billion Danish Krone (9.4 billion dollars) said the right problem and the ownership of the company 10%.
Equinor said that the strategic support in the problem of rights reflects the confidence in Orted’s basic business and the competitiveness of the open sea wind in the future energy mixture. The State -backed Norway Energy Group is the second largest shareholder in OREDED behind the Danish government.
As part of the movement, Equinor said he would nominate a candidate for a candidate for the Board of Directors of ORted.
Orted’s shares increased 3.6% in the news before earning. The stock price, which fell from 2021 about 90%, ordered the Trump administration to stop working on a windy close to the company last month.
Equinor shares were last seen 0.2% higher on Monday morning.
Both companies are wandering in difficulties in the open sea wind industry, Equinor says that they closely monitor the developments in the United States and plan to stay in dialogue with ORSTED.
The wind industry has been a target for US President Donald Trump since his first day. The latest coup canceled $ 679 million on Friday, US Department of Transportation Federal financing for a dozen infrastructure project that will support the open sea wind power throughout the country.
“Ruthless, wind projects otherwise use resources that can go to revive the maritime industry of the United States,” Transportation Secretary Sean Duffy said. in question In a statement.
Analysts at RBC Capital Markets said Equinor’s support movement to support the ORSTED can be seen as the first step for the company, considering the possibility of a potential unification between two open sea wind portfolio.
“Fully difficulty in participating in the analysts in RBC Capital Markets,” the difficulty of participating in the US, the company’s net exposure to 100%of the US will effectively increase the open sea wind projects, both in the near term, and where political support is uncertain. ” He said.
“Increased positive, protected shareholder, as well as Equinor will now have the representation of the board of directors and will benefit the best in a challenging situation.”
Equinor and OREDED spokesman did not respond immediately to a CNBC comment request.
– Spencer Kimball and Ganesh Rao from CNBC contributed to this report.
