<div id="readability-page-1"><div>By Yawen ChenNorway’s $58 bln energy group already holds 10% of its $26 bln Danish peer. Owning the rest via a share-based acquisition would fast-track its renewable capacity targets. Far from fretting about selling a crown jewel, Copenhagen may prefer a minority stake in a sounder company.Full view will be published shortly.Follow Yawen Chen on Bluesky and LinkedIn.CONTEXT NEWSDanish offshore wind giant Orsted said on November 5 that it had no plans to take over the renewables business of Equinor, its second biggest shareholder, which has proposed closer ties between the companies.Norwegian oil, gas and renewables group Equinor, which took a 10% stake in Orsted in 2024 and injected close to $1 billion in an October share issue, said in October the offshore wind industry needed consolidation.Equinor Chair Jon Erik Reinhardsen told Reuters on the sidelines of an energy conference in September the company has “open minds in terms of what it leads to” when asked if Equinor may raise its stake in Orsted.Equinor said in September it planned to nominate a candidate to the Danish company’s board.</div></div>

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Norwegian energy group Equinor, which holds a 10% stake in Danish offshore wind giant Orsted, is considering acquiring the remaining shares to boost its renewable capacity. Equinor's chair hinted at potential stake increase, while Orsted stated it has no plans to take over Equinor's renewables business. Equinor aims for industry consolidation and plans to nominate a board candidate for Orsted.

Time for Equinor to snap up the rest of Orsted