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The Guardian - UK
The Guardian - UK
Environment
Jillian Ambrose Energy correspondent

Wind generator Ørsted blames Trump as shares sink to all-time low

Orsted Donald Trump United States
Wind tubines in the sea with a boat in the foreground
Burbo Bank, Liverpool Bay, is owned by Ørsted, whcih told investors the industry faces an ‘extraordinary situation’. Photograph: UCG/Universal Images Group/Getty Images

Europe’s largest wind power company has blamed Donald Trump for derailing its business model, after it announced a $9bn (£6.7bn) fundraising and its market value plunged by almost a third.

The share price for Denmark’s Ørsted tumbled to an all-time low after it told investors on Monday that the “extraordinary situation” facing the industry meant it would need to tap shareholders to cover the costs of its plans.

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