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Equinor invests up to $939 million in Danish wind firm Ørsted to maintain stake amid challenges.
Norwegian energy giant Equinor will support Danish wind company Ørsted's $9.4 billion rights issue, subscribing up to $939 million in new shares to maintain its 10% stake.
This move aims to bolster Ørsted's finances amid challenges, including a U.S. work-stop order on a wind project.
Equinor's support underscores confidence in offshore wind's future competitiveness and potential for strategic collaboration.
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Equinor invierte hasta $939 millones en la empresa danesa de energía eólica Ørsted para mantener su participación en medio de desafíos.