Turbines at Orsted’s offshore wind farm near Nysted, Denmark, dated Sept. 4, 2023. Tom Little/Reuters
Shares in Orsted plunged to a record low as the giant wind farm developer asked shareholders for $9.4 billion to help fund a project in the United States.
Orsted shares slid over 30 percent on Aug. 11 in response to the rights issue announcement, of which two-thirds of the capital will be used to fund the construction of Sunrise Wind, one of its two remaining projects under development off the East Coast of the United States.
