Ørsted sells its European onshore wind, solar, and battery portfolio to Copenhagen Infrastructure Partners to refocus on offshore wind

Ørsted sells its European onshore wind, solar, and battery portfolio to Copenhagen Infrastructure Partners to refocus on offshore wind

(IN BRIEF) Ørsted has agreed to sell its entire European onshore renewable energy business to Copenhagen Infrastructure Partners for EUR 1.44 billion, with expected closing in Q2 2026 subject to regulatory approval, marking the completion of its previously announced divestment programme alongside earlier deals involving Hornsea 3 and Changhua 2. The transactions from 2025–2026 have generated around DKK 46 billion in proceeds, significantly strengthening Ørsted’s balance sheet and enabling the company to refocus strategically on offshore wind in its core European markets. CIP welcomed the acquisition as a major expansion across onshore wind, solar, and battery storage, while Ørsted will continue to operate its separate US onshore business.

(PRESS RELEASE) FREDERICIA, 3-Feb-2026 — /EuropaWire/ — Ørsted, recognised globally as a leading developer of offshore wind energy, has reached an agreement to sell its entire European onshore renewable energy business to Copenhagen Infrastructure Partners (CIP) through its fifth flagship investment vehicle, Copenhagen Infrastructure V (CI V). The transaction carries a total valuation of EUR 1.44 billion (approximately DKK 10.7 billion) and is expected to close in the second quarter of 2026, pending the necessary regulatory approvals.

This divestment follows two other major transactions previously announced by Ørsted, including the sale of 50 per cent of the Hornsea 3 offshore wind project and the agreement to divest 55 per cent of the Changhua 2 offshore project. With the conclusion of this latest deal, Ørsted has completed the three cornerstone transactions that formed the basis of its broader asset divestment strategy. Over the course of 2025 and 2026, the company has now secured approximately DKK 46 billion in proceeds, surpassing its original target of more than DKK 35 billion and significantly reinforcing its financial position.

Beyond strengthening Ørsted’s balance sheet, the sale of its European onshore portfolio supports the company’s strategic objective of sharpening its focus on offshore wind development in its core European markets. Ørsted expects that a substantial volume of new offshore wind capacity will be tendered in the coming years, making this a central area of future investment and growth for the company.

Trond Westlie, Chief Financial Officer of Ørsted, highlighted that the European onshore business has built a robust project pipeline and portfolio over time. He expressed satisfaction with CIP as the new owner of the assets, noting that Ørsted has made a deliberate decision to concentrate its resources and expertise on offshore wind in key European markets. Westlie also emphasised that the completion of the divestment programme marks an important milestone in strengthening Ørsted’s financial foundation.

Mads Skovgaard-Andersen, CIO and Partner at Copenhagen Infrastructure Partners, welcomed the acquisition, describing it as a significant expansion of CIP’s footprint across multiple European markets and renewable technologies. He stated that the combined portfolio of onshore wind, solar, and battery energy storage systems (BESS) complements CIP’s existing investments and provides greater scale to accelerate renewable energy deployment. According to Skovgaard-Andersen, the deal will also contribute to enhancing Europe’s energy independence while delivering attractive, risk-adjusted returns to investors.

Ørsted’s European onshore business currently operates across Ireland, the United Kingdom, Germany, and Spain, covering onshore wind, solar power, and battery storage projects. The portfolio includes 578 MW of operational capacity, 248 MW under construction, and an additional development pipeline. Ørsted will retain its separate onshore operations in the United States, which have been managed as an independent business since October 2025.

For further information, please contact:

Global Media Relations
Michael Korsgaard
+45 99 55 95 52
Globalmedia@orsted.com

Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
IR@orsted.com

About Ørsted
Ørsted is a global leader in developing, constructing, and operating offshore wind farms, with a core focus on Europe. Backed by more than 30 years of experience in offshore wind, Ørsted has 10.2 GW of installed offshore capacity and 8.1 GW under construction. Ørsted’s total installed renewable energy capacity spanning Europe, Asia-Pacific, and North America exceeds 18 GW across a portfolio that also includes onshore wind, solar power, energy storage, bioenergy plants, and energy trading. Widely recognised as a global sustainability leader, Ørsted is guided by its vision of a world that runs entirely on green energy. Headquartered in Denmark, Ørsted employs approximately 8,000 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2024, the group’s operating profit excluding new partnerships and cancellation fees was DKK 24.8 billion (EUR 3.3 billion). Visit orsted.com or follow us on LinkedIn and Instagram.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield energy investments. The funds managed by CIP focus on investments in offshore and onshore wind, storage, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, advanced bioenergy, and Power-to-X.

CIP manages 13 funds and has to date raised approximately EUR 35 billion for investments in energy and associated infrastructure from more than 200 international institutional investors. CIP has projects in more than 30 countries and more than 2300 employees across platforms. For more information, visit www.cip.com

SOURCE: Ørsted