Ørsted faces a pivotal moment today as shareholders vote on a substantial 60 billion kroner capital expansion at an extraordinary general meeting in Gentofte. This move aims to solidify the company’s financial foundation amidst challenges in the renewable energy sector.

Adding to the complexity, Ørsted has filed a lawsuit against the Trump administration regarding its Revolution Wind offshore wind farm project in the United States. The company seeks to overturn the decision to halt work on the project, arguing that the American authorities lack legal authority.

The lawsuit is viewed as a bold move, particularly given the Trump administration’s stance on wind and solar energy. Analysts believe the lawsuit aims to reduce uncertainty surrounding Ørsted ahead of the crucial vote on the capital expansion.

The need for this capital injection arose after Equinor, another company, halted its Empire Wind project, making it impossible for Ørsted to sell its Sunrise Wind project. The Danish government, holding a 50.1 percent stake, has committed to injecting 30 billion kroner to maintain its ownership share, while Equinor is prepared to invest six billion kroner.

According to Berlingske’s business commentator, Thomas Bernt Henriksen, investors fled the project, necessitating the capital injection.