Equinor backs Orsted’s $9.4B rights issue amid US political headwinds

[https://invezz.com/wp-content/uploads/2025/06/Offshore-wind-farm.png] On Monday, Norwegian energy giant Equinor publicly committed its support for Orsted’s proposed $9.4 billion rights issue. This significant financial move by the Danish offshore wind developer comes as the company endeavors to strengthen its balance sheet, according to a Reuters report. The decision to bolster its financial standing is largely influenced by the challenging political climate in the US, particularly the perceived hostility towards wind power from President Donald Trump. Orsted’s initiative reflects a proactive strategy to navigate potential headwinds in the renewable energy sector, ensuring its long-term stability and continued investment in offshore wind projects despite external pressures. STRATEGIC ALLIANCE AND CHALLENGES The decision by the Norwegian energy conglomerate, with the state holding a substantial 67% ownership stake, underscores its strategic intent to deepen its collaboration and forge stronger alliances with Orsted. This concerted effort comes at a crucial juncture as both companies endeavor to navigate the intricate and often challenging regulatory landscape within the burgeoning US offshore wind market. The move is indicative of a broader ambition to consolidate their positions and overcome the various governmental…