Ørsted’s stock price experienced a slight decrease at the opening of the stock exchange on Friday, coinciding with an extraordinary general meeting to discuss raising 60 billion kroner through new share issuance. This financial move aims to address the challenges the Danish energy giant faces.

The company also announced a downgrade of one billion kroner due to unfavorable prospects, primarily stemming from obstacles posed by the American government’s policies on green energy transition. These policies have created headwinds for Ørsted’s operations and projects in the United States.

In response to these challenges, Ørsted has initiated a lawsuit against the American government. The legal action underscores the company’s determination to overcome the regulatory hurdles and protect its investments in the renewable energy sector.