(BFM Stock Exchange) – The shareholders of the company specializing in the production of solar and wind energy gave their green light to the gigantic capital increase which was announced in August. Orsted also lowered its profitability objective for the current year.

The shareholders of the Danish group Orsted approved on Friday the recapitalization of 60 billion crowns (8 billion euros) announced in August to face the consequences of American decisions freezing the projects of wind farms, announced the specialist in offshore wind.

The Danish State, a 50.1%shareholder, had already announced that it would follow this capital increase, as is the Norwegian energy giant Equinor, a shareholder at almost 10%.

A lowered profitability forecast

The group announced in parallel that it lowered its forecast of Ebitda for 2025 due to less strong than expected winds and the delay taken by a project in Taiwan, according to its press release.

His objective of Ebitda is now in a range of 24 to 27 billion Danish crowns, against 25 to 29 billion previously, due to “the impact of wind speeds at sea below normal in the entire offshore portfolio” and delay in the operation of a project in Taiwan.

The title Orsted fell slightly, from 0.35% to 198.30 crowns around 2 p.m.

Orsted has to face the Trump administration’s desire to block the development of wind power in the United States.

Recapitalization must be used to finance its Offshore Sunrise Wind wind project – which is under construction off the coast of New York – in correct financial conditions. Orsted wanted to yield participation in this project but did not succeed and therefore decided to assume the full ownership of this park.

The Danish group also filed a complaint on Thursday with a Washington court against the cessation of work on a huge project at sea off the coast of New England baptized Revolution Wind, yet 80%completed.

(With AFP)