The Offshore Wind Boom Craters As Government Subsidies Vanish
Offshore wind’s mask finally comes off under Trump's energy policies.
by David Blackmon August 15, 2025, 1:19 PM
The green fairy tale now seems to be unraveling faster than a faulty wind turbine blade in a Nantucket storm. [emphasis, links added]
On Monday, Aug. 11, 2025, Danish offshore wind giant Ørsted dropped a bombshell, notifying the market it plans a massive rights issue worth up to 60 billion Danish kroner (about $9.4 billion) to prop up its flailing offshore U.S. operations.
The plan, which amounts to almost 50% of Ørsted’s market cap, is a desperation move driven by the forces of reality and President Donald Trump’s no-nonsense energy policies.
Ørsted’s stock took a nosedive in the wake of Monday’s announcement, cratering as much as 31.2% in Copenhagen trading, erasing billions in value overnight.
https://climatechangedispatch.com/offshore-wind-boom-craters-subsidies-vanish/
