ORSTED

Danish energy company Ørsted on Monday launched a 60 billion Danish kroner share sale to strengthen its finances following significant setbacks at its U.S. offshore wind projects.

A joint venture involving Danish energy company Ørsted is suing the U.S. government to overturn a stop-work order that has halted construction on its Revolution Wind offshore project, the company said Friday.

Danish energy company Ørsted on Friday lowered its full-year profit forecast, citing weaker-than-normal winds and a project delay in Taiwan.

Danish energy company Ørsted said Monday it is proceeding with a planned 60 billion Danish kroner rights issue, days after the U.S. government ordered a halt to offshore construction on its Revolution Wind project.

The U.S. government has ordered Danish energy company Ørsted to halt offshore construction on its Revolution Wind project, a significant setback for one of its key American assets.

Danish energy company Ørsted plans to raise 60 billion Danish kroner in a rights issue after scrapping the planned sale of a stake in its U.S. offshore wind project, Sunrise Wind.