Equinor will participate in Ørsted’s planned Rights Issue, announced by Ørsted’s board on 11 August 2025, in order to maintain its 10% ownership. The move is intended to support Ørsted in strengthening its balance sheet amid current challenges in the offshore wind sector.
Subject to final terms, Equinor will subscribe for new shares worth up to DKK 6 billion (around USD 939 million). The company also plans to nominate a candidate to Ørsted’s board of directors ahead of the next annual general meeting.
Equinor said its decision reflects confidence in Ørsted’s business and the future role of offshore wind in the energy mix. The company highlighted that industry consolidation and new business models are likely, and sees potential value in closer strategic collaboration with Ørsted.
Equinor’s offshore wind portfolio currently comprises 0.4 GW of installed capacity and 3 GW under development, including projects in North-West Europe and the USA.
