COPENHAGEN - Ørsted A/S, a Danish renewable energy company, announced today that Equinor ASA (NYSE:EQNR), a Norwegian energy operator, has increased its ownership in Ørsted by acquiring additional shares. On December 20, 2024, Equinor's shareholding in Ørsted reached 10.0%, equivalent to 42,038,108 shares, which also represents 10.0% of the total voting rights and share capital in the company.
This transaction does not affect Ørsted's financial guidance for the financial year 2024, as stated in the announcement. Ørsted continues to focus on its vision of a world powered entirely by green energy, developing and operating renewable energy facilities including wind farms, solar farms, energy storage, and bioenergy plants.
Ørsted has been acknowledged for its climate action efforts, being listed on the CDP Climate Change A List and having its net-zero emissions target validated by the Science Based Targets initiative (SBTi). The company, headquartered in Denmark, has a workforce of about 8,400 employees and is publicly traded on Nasdaq Copenhagen under the ticker ORSTED. In 2023, Ørsted reported a revenue of DKK 79.3 billion (EUR 10.6 billion).
The increase in Equinor's stake in Ørsted underscores the growing interest and investment in renewable energy sources as the world shifts towards more sustainable energy solutions. The information regarding the change in shareholding was based on a press release statement from Ørsted A/S.
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