Andel is investing €400m (DKK3bn) in Orsted’s capital increase to maintain its 5% ownership stake.
The Danish cooperative said the decision was a responsible move to support Orsted’s domestic activities while ensuring the company has the financial capacity to continue driving global CO₂ reductions.
Orsted, despite facing challenges in the US, remains the world’s leading offshore wind developer and a central part of Denmark’s energy supply, Andel added.
Jesper Hjulmand, group chief executive at Andel, said: “We see it as a responsible ownership decision to help Orsted secure the necessary development power to deliver global CO₂ reductions. At the same time, it is important for us to support Orsted’s Danish infrastructure and energy production.”
He added: “If we remain on the sidelines, our ownership stake will be greatly diluted and lose significant value. We believe that the value and potential of Orsted is greater than the share price and results currently reflect. By joining, we strengthen Andel’s strategic asset – both now and in the longer term.”
Andel said the move would affect its capital resources for new renewable investments, including Danish solar projects and offshore wind tenders.
“Our strategy remains the same: Andel must create the most green transition possible for the money and thus value for cooperative members, customers and society,” said Hjulmand.