Hundred billion issuance on the line! Trump disrupts offshore wind power Orsted (DNNGY.US) urgently opens shareholder meeting to appease investors.

After the Trump administration suspended one of Orsted's offshore wind projects in the US, the feasibility of the $9.4 billion share issue plan by the Danish renewable energy giant has raised market doubts. Company executives are set to meet with shareholders on Tuesday in hopes of stabilizing investor confidence. Orsted's management plans to hold meetings with investors and advisors in London. The day before, its stock price in Copenhagen plunged 16% to a historic low, shrinking its market value to 75.3 billion Danish kroner (approximately $11.8 billion). The Danish government, which holds the majority of shares, still plans to participate in the 60 billion kroner rights issue. Last Friday, the US Bureau of Ocean Energy Management rejected the construction permit for the "Revolution Wind" project - an offshore wind project near the coast of Rhode Island that is 80% completed. This move has raised concerns in the market: Orsted's other wind project "Sunrise Wind" near the New York coast may face a similar fate. DNB Carnegie analyst Emil Haargaard stated that if both projects are canceled, Orsted will have to pay a total of approximately 12 billion kroner in penalties. Although the probability of this situation is low, the unpredictable situation poses uncertainties for the share issue plan. "A rights issue of this size requires a significant reduction in uncertainty, and a clear resolution of the execution risks in the US business," Haargaard wrote in a report. As a long-time favorite in the renewable energy industry, Orsted has not been able to replicate its success in Europe in the US market. Trump's aversion to wind power further adds to the uncertainty - court documents submitted last Friday show that he is trying to stop Orsted from developing another wind farm near Maryland. Investors are focused on whether Orsted can find a way to appease US regulators, and the time it will take to do so. There is hope that a similar turnaround can be achieved as when Trump reversed his decision to halt the New York offshore wind project "Empire Wind" by Norway's Equinor after reaching an agreement to build a new natural gas pipeline. Connecticut Governor Ned Lamont said on Monday that there is "room for negotiation," and Orsted is hoping for a similar turnaround. The rights issue is underwritten by BNP Paribas, Danske Bank, J.P. Morgan, and Morgan Stanley.