The rights issue was announced following recent significant adverse developments in the US offshore wind market.

The company provided energy yield assessment and comprehensive technical due diligence. DNV has completed its role as Lenders’ Technical Advisor (LTA) for the project financing of Ørsted’s 632 megawatt (MW) Greater Changhua 2 offshore wind farm in Taiwan.

Ørsted ( OTCPK:DNNGY) -28.7% in Copenhagen trading Monday, near an all-time low, after the wind farm developer ended plans to sell a stake in a U.S. offshore wind project and proposed a rights issue that could raise as much as NOK60B ($9.4B), seeking an infusion of capital that would help it continue its offshore wind construction projects.