COPENHAGEN, Oct 9 (Reuters) -

Denmark's Orsted, the world's biggest offshore

wind farm developer, will cut approximately 2,000 jobs by the

end of 2027, a quarter of its workforce, the Danish company said

in a statement on Thursday.

"The reasons for this are that the company will be focusing

more on offshore wind and Europe, that a number of offshore wind

farms will be finalised in the coming years, and that the

company needs to improve its competitiveness," Orsted said.

The company expanded rapidly over the past decade but

has recently faced setbacks in the United States in addition to

global supply chain disruption, surging interest rates and

project delays that hammered its share price.

This week Orsted raised $9.4 billion through a heavily

discounted

rights issue

after its U.S. operations were constrained by President

Donald Trump's resistance to renewable energy projects.

The staff cuts and other efficiency measures are expected to

give Orsted annual cost savings of approximately  2 billion

Danish crowns ($311.31 million) from 2028, the company added.

($1 = 6.4245 Danish crowns)