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$30 Billion Bet Has Orsted Creditors Reading the Fine Print

  • CFO wants to increase debt, issue more bonds after 2021
  • Company plans significant increase in offshore wind investment
Testing The World's Biggest Wind Turbine

Photographer: Chris Ratcliffe/Bloomberg

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The woman in charge of finances at Orsted A/S says bondholders should prepare for some changes after having benefited from what she describes as a period of “under-leveraging.”

In future, there’ll be a “better balance” between shareholders and debt investors because the Danish energy company will borrow more to help finance $30 billion in planned investments, CFO Marianne Wiinholt said.