Frozen Out: How Trump’s Policies Caused a Record Crash for Wind Titan Ørsted

Danish wind titan Ørsted has been frozen out of its key US market, causing a record-breaking stock market crash and forcing the company to seek an emergency $9 billion in funding. The crisis is a direct consequence of the Trump administration’s policies, which have brought offshore wind development to a grinding halt.
The administration’s decision to review all wind permitting and leasing processes has created a deep freeze across the industry. This has sabotaged Ørsted’s financial strategy, which is built on the common industry practice of selling project stakes to secure capital. Without this mechanism, the company’s US pipeline is unviable.
Ørsted’s chief executive, Rasmus Errboe, called the situation “extraordinary,” highlighting the devastating impact of facing both political hostility in the US and persistent supply chain challenges simultaneously. The massive fundraising plan is a necessary, albeit painful, response to this sudden and severe operational disruption.
The Danish government, which owns 50% of Ørsted, has approved the rescue effort, but the market remains skeptical. The incident has cast a dark cloud over the future of renewable energy in the US, as Trump’s long-held opposition to wind power now threatens to dismantle one of the world’s most promising green energy markets.