Headlines
Equinor keeps options open for Orsted stake
Published by Global Banking & Finance Review®
Posted on September 10, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 10, 2025
2 min readLast updated: January 22, 2026
Equinor is exploring options for its 10% stake in Orsted, focusing on the value of offshore wind projects, but no merger plans are in place.
OSLO (Reuters) -Equinor believes in offshore wind farm developer Orsted's core business but is not at a stage where the two will merge their renewables businesses, the Norwegian group's board chair said on Wednesday.
Oil group Equinor holds a 10% stake in Orsted and has said it will take part in the Danish group's emergency rights issue designed to fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to wind farms.
"We are convinced that there is a robust value case here, and that's what we're looking for," Equinor Chair Jon Erik Reinhardsen said on the sidelines of an energy conference in Oslo.
"We have open minds in terms of what it leads to," he said when asked if the Equinor may raise its stake in Orsted.
Some analysts have said Equinor would be open to spinning off its own renewables unit and merge it with Orsted.
"It might be one of many options, but again, we are not at that stage at the moment, that we are sitting and ranking options," Reinhardsen said.
Orsted's shares traded up 2.9% at 1208 GMT.
(Reporting by Nerijus Adomaitis, writing by Anna Ringstrom and Stine Jacobsen, editing by Terje Solsvik)
Equinor holds a 10% stake in Orsted and plans to participate in the Danish group's emergency rights issue.
Equinor is not at a stage where a merger of their renewables businesses is being considered, although they are open to various options.
Equinor Chair Jon Erik Reinhardsen expressed confidence in Orsted's core business, stating there is a robust value case.
Orsted's shares traded up by 2.9% at 1208 GMT, indicating a positive market response.
Equinor may consider various options, including possibly raising its stake or spinning off its renewables unit to merge with Orsted, but they are not actively ranking these options at this time.
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