UPDATED: At an extraordinary general meeting in Ørsted, it has been decided to implement a capital increase of 60 billion kroner. This is reported by Reuters.
The Danish state, which owns 50.1 percent of Ørsted, had previously indicated that it supports the capital increase, which is to be implemented before the end of the year. 80 percent of the share capital was represented at the general meeting, and according to Børsen, 98.5 percent voted in favor of the proposal.
The money from the capital increase will primarily be used to ensure that the company's two large offshore wind projects in the United States, Sunrise Wind and Revolution Wind, can be completed. Ørsted had originally expected to be able to sell ownership interests in Sunrise Wind and thus cover its capital needs.
Uncertainty about American offshore wind due to opposition from President Trump means that this has not been successful. The Trump administration threw further gravel into the gears last month when a construction halt was imposed on Revolution Wind.
The construction halt is delaying construction and causing Ørsted additional costs, and therefore the company announced on Thursday that it has sued the US government in order to overturn the construction halt.
The capital increase means that a number of new shares will be issued, to which existing shareholders will have pre-emptive rights. The price at which they will be offered has not yet been determined, and it is therefore still unclear to what extent the current shares will be diluted.
A number of investment banks have guaranteed that they will purchase the shares that may not be sold in connection with the share increase.
The Ørsted share rose by 0.7 percent on Friday, despite the company lowering its expectations for the year's earnings before interest, taxes, depreciation and amortization (Ebitda) by one billion kroner before the stock exchange opened.
/ritzau/
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