PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1568198
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1568198
Equinor has acquired a 9.8% equity stake in Orsted and will receive the same share of votes. Equinor's holding has a market value of around US$2.5 billion and makes it the second largest shareholder in Orsted. The Danish State continues to hold 50.15% of the company's equity and will remain the largest shareholder through its controlling stake. This is an intriguing play by Equinor that provides a strong vote of confidence in Orsted and the prospects for the offshore wind sector.