(IN BRIEF) Ørsted has completed a farm-down of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat, valued at GBP 456.1 million. The transaction supports Ørsted’s capital structure, risk diversification, and capital recycling strategy. … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged capital recycling, farm-down, Hornsea projects, investment, offshore wind farm, partnership, renewable energy, Renewable Infrastructure, risk diversification, Schroders Greencoat, Schroders Greencoat partnership., sustainability, Trond Westlie, UK Offshore Wind, West of Duddon Sands, wind energy, Ørsted
(IN BRIEF) Ørsted has entered a partnership with Brookfield, resulting in Brookfield acquiring a 12.45% minority stake in four of Ørsted’s operational UK offshore wind farms—Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension—totaling approximately 3.5 GW in capacity. … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged acquisition, Brookfield Asset Management, Connor Teskey, Mads Nipper, partnership, renewable energy, sustainability, UK Offshore Wind, Ørsted
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