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Story summary
- Equinor will invest nearly $1 billion to support Ørsted, which is facing challenges from the Trump administration regarding offshore wind projects.
- This investment will help Equinor retain its 10% stake in Ørsted, whose shares have significantly declined.
- Ørsted aims to raise 60 billion Danish crowns ($9.4 billion) to stabilize finances, with support from Equinor and the Danish government.
- The U.S. government has canceled funding for offshore wind projects, complicating the industry's future.
