Equinor backs Ørsted’s Rights Issue with up to DKK 6 billion investment and plans board nomination

Equinor backs Ørsted’s Rights Issue with up to DKK 6 billion investment and plans board nomination

(IN BRIEF) Equinor has confirmed its participation in Ørsted’s planned Rights Issue, committing to subscribe for up to DKK 6 billion (USD 939 million) to maintain its 10% ownership stake. The decision follows dialogue with Ørsted and reflects Equinor’s confidence in Ørsted’s business and offshore wind’s role in the future energy mix. Equinor will also nominate a candidate for Ørsted’s board at the next annual meeting. Acknowledging current challenges in offshore wind, Equinor expects industry consolidation and evolving business models, noting potential for closer collaboration between the two companies. The investment falls within Equinor’s financial framework and complements its offshore wind portfolio, which includes 0.4 GW installed capacity and 3.0 GW under development in Europe and the US.

(PRESS RELEASE) STAVANGER, 1-Sept-2025 — /EuropaWire/ — Equinor has announced its decision to support the Rights Issue proposed by Ørsted A/S on 11 August 2025, following constructive discussions with the Danish energy company’s board. As part of its commitment, Equinor will participate in the issue and maintain its 10% ownership stake in Ørsted, with an expected subscription of up to DKK 6 billion (USD 939 million) depending on final terms.

The move is intended to strengthen Ørsted’s balance sheet amid current headwinds in the offshore wind sector and underscores Equinor’s confidence in Ørsted’s fundamentals as well as the long-term role of offshore wind in the global energy transition. In addition, Equinor confirmed that it will nominate a candidate for Ørsted’s board of directors ahead of the next annual general meeting, further signaling its commitment as a long-term industrial shareholder.

Equinor emphasized that while the offshore wind industry is navigating challenges, the sector remains competitive in key markets. The company noted that the coming years are likely to bring consolidation and evolving business models, and suggested that deeper strategic cooperation between Ørsted and Equinor could generate added value for shareholders across both companies.

Equinor also highlighted that it is monitoring the situation in the US offshore wind market, particularly around recent developments, and will continue its dialogue with Ørsted as the landscape evolves.

The investment aligns with Equinor’s established financial framework and capital distribution priorities. The company’s offshore wind portfolio currently includes 0.4 GW of net installed capacity and 3.0 GW under development, with near-term focus on completing projects in North-West Europe and the Empire Wind 1 project in the US.

Media Contacts:

Investor relations:
Bård Glad Pedersen
senior vice president Investor Relations
+47 918 01 791

Media relations:
Sissel Rinde
vice president Media Relations
+47 412 60 584

SOURCE: Equinor