Backlash and Bailout: Trump Policy Backlash Forces Ørsted into $9B Bailout Plan

A fierce backlash from the Trump administration against renewable energy has forced Danish wind giant Ørsted into a $9 billion bailout plan. The company’s stock plummeted to an unprecedented low as investors reacted to the policy hostility and the company’s desperate financial maneuver.
The backlash manifested as a freeze on the US offshore wind market, enacted through a review of all permits and leases. This has crippled Ørsted’s ability to finance its projects through its standard model of selling equity, a cornerstone of the renewable development industry.
The situation was described as “extraordinary” by CEO Rasmus Errboe, who highlighted the severe impact of the political backlash combined with pre-existing supply chain issues. The bailout plan is a necessary evil to navigate the crisis.
While the Danish government is backing the plan, the event has created profound uncertainty. The backlash against Ørsted is seen as a warning shot to the entire clean energy sector, signaling that the road to a green transition in the US is now fraught with political peril.