Required backs after Trump is increasing attacks on offshore wind

Norwegian oil gigan Even Monday promised to support Denmark with almost $ 1 billion, supporting a company consisting Sustainable attacks On offshore wind projects from the Trump administration.

In the obvious manifestation of confidence in the world’s largest wind developer, equivalent signal His intention to participate in the planned ORSEM 60 billion Danish crowns ($ 9.4 billion) Legal problem and stated that it intends to attract 10% ownership in the company.

Equinor noted that its strategic support for rights reflects its confidence mainly and the seawater in the future energy mixture. The Norwegian energy group supported by the state is the second largest shareholder in ORST, behind the Danish government.

As part of the move, Equinor said he would nominate a candidate for the Board of Directors ORST.

Orsted shares increased by 3.6% in the news before solving profits. The stock price that fell by almost 90% of 2021, the pic scored A Fresh recording is low Last month, after Trump’s administration ordered the company to stop working on an almost complete wind map.

On Monday morning on Monday, the last time was 0.2% higher.

Both companies are moving with the problems of the offshore wind industry, and Equinor said it carefully monitors the events in the US, and that it intends to stay in dialogue with Orsted.

Wind First day in the office. The last blow took place on Friday when the US Transport Ministry canceled 679 million dollars In federal financing for a dozen infrastructure projects that support the sea wind.

“Wastening, wind projects use resources that otherwise can go to the revitalization of the marine industry in America,” Transport Secretary Sean Duffy – Note In a statement.

RBC Capital Markets analysts have said the Equinor transition to ORSTD support may be considered the first step for the company, given the possibility of a potential merger between two sea wind portfolios.

“The task involving the fulfillment is that the company effectively increases its pure exposure to two 100%, which was ruled by US marine wind projects, and none of which can be exceeded in the near future, and where political support remains uncertain,” said analysts in the RBC Capital Markets markets in the research note.

“I am pleased that the joint stock shareholder is supported with it, Equinor will now have a board representation, which is the most difficult situation,” they added.

Equinor and Orsted press -secretary did not immediately respond to CNBC’s request for comments.

– Spencer Kimbol and Ganesh Rao in CNBC made their contribution to this report.