Market in Meltdown: Ørsted’s $9B Cash Call Spooks Investors

The renewable energy market is in meltdown after Danish leader Ørsted announced a $9 billion cash call, a move that has deeply spooked investors and sent its stock to a record low. The company has laid the blame squarely at the feet of the Trump administration for wrecking its business plan in the United States.
Investor confidence evaporated after Ørsted revealed it could not proceed with its standard financing model—selling a stake in its new US east coast project. The administration’s hardline anti-wind stance has so damaged the project’s value that the deal collapsed, leaving a multi-billion-dollar hole in its finances.
This political shock has hit an industry already reeling from post-pandemic supply chain costs and rising interest rates. The fear was compounded when Trump’s administration halted a rival Equinor’s project, proving that no investment is safe from the current political climate.
Despite the panic, the Danish government is backing the massive fundraising effort to provide “financial robustness.” Ørsted’s CEO insists the move is necessary to overcome the “extraordinary situation” and continue its global expansion, including two major projects now caught in the US political crossfire.