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Andel invests billions in Ørsted shares
Andel secures its stake in Ørsted with an investment of DKK 3 billion, which may affect future renewable energy projects.
Andel buys shares in Ørsted. This may affect other investments.
Foto: Anders Knudsen
Andel joins Ørsted's ongoing capital increase and buys new shares for DKK 3 billion to maintain its 5 percent ownership stake. The decision is intended to support Ørsted's Danish activities and ensure continued development capacity, Andel reports. Jesper Hjulmand says: We see it as a responsible ownership decision to help Ørsted secure the necessary development capacity to deliver global CO₂ reductions. At the same time, it is important for us to support Ørsted's Danish infrastructure and energy production. He adds: If we stay on the sidelines, our ownership stake will be significantly diluted and lose great value.
May affect other renewable energy ventures
Andel considers Ørsted shares as energy production - the same category as solar and offshore wind - which ties up DKK 3 billion and may affect new projects. They acknowledge that the investment impacts the capital readiness for future renewable energy ventures such as Danish solar projects and upcoming offshore wind tenders.
Ørsted is raising a total of around DKK 60 billion through a rights issue of 900.8 million new shares; the subscription period runs from 19 September - 2 October 2025, and the Danish state participates as the majority owner.
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