Orsted says it has no plans to merge with Equinor's renewables unit

Reuters
2025.11.05 15:53
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Orsted has stated it has no plans to merge with Equinor's renewables unit, despite Equinor's suggestions for closer ties. Equinor, which holds a 10% stake in Orsted, believes the offshore wind industry needs consolidation. Orsted's shares have dropped 85% since their 2021 peak due to rising costs and supply chain issues. Orsted's executives emphasized their focus on their own business strategy, while Equinor remains a long-term investor and plans to nominate a board candidate.

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