Ørsted’s shareholders are set to vote on a 60 billion kroner capital expansion, the largest in Danish history, at the energy giant’s general meeting on Friday. The sale of new shares to fund this expansion, the largest in Europe in 15 years, may occur at a 30-40 percent discount compared to the current, historically low stock price.

Banks guaranteeing the share sale are pushing for a significant discount to avoid being left with unsold shares. Analysts are also raising concerns about whether the 60 billion kroner will be sufficient for Ørsted’s needs.

The Danish state, holding 50.1 percent of Ørsted, plans to invest 30 billion kroner to maintain its influence, while Norwegian Equinor has pledged six billion kroner.

In other news, nearly one in five early retirees are now of non-Western origin, a trend that has been escalating for two decades.

The US jobs report on Friday is under scrutiny as an indicator of a potential economic slowdown, which could impact stocks and the Federal Reserve’s policies.

Vestas’ CEO Henrik Andersen criticized the reduction of the electricity tax from January 1, calling it detrimental to the expansion of green energy. He argues that it will hinder the necessary development of renewable energy sources for Denmark and Europe’s independence.

Bavarian’s private investors are protesting the company’s offer to buy back shares at 233 kroner, deeming it below market value and initiating a campaign to pressure the board.