By Stine Jacobsen, Jacob Gronholt-Pedersen and Nora Buli
COPENHAGEN (Reuters) -Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9.4 billion emergency rights issue as it seeks to avert a looming credit downgrade.
Once celebrated as a trailblazer in offshore wind, the state-controlled group now finds itself in dire straits, grappling with industry-wide challenges as risks pile up on its U.S. projects due to President Donald Trump’s opposition to wind power.
Adding to its troubles, low wind speeds in July and August and a delay to a project under construction off Taiwan prompted it on Friday to cut its operating profit outlook for 2025.
The stakes are high for the Danish firm, which has transf