Ørsted to sell European onshore business to CIP for $1.7bn

Ørsted has agreed to merchantability its full European onshore concern to Copenhagen Infrastructure Partners (CIP) for DKr10.7bn ($1.69bn).

CIP is executing the divestment via its 5th flagship fund, Copenhagen Infrastructure V (CI V).

Ørsted’s European onshore activities see projects crossed Ireland, the UK, Germany and Spain. They encompass wind, star vigor and artillery vigor retention systems (BESS), with a full of 578MW successful cognition and an further 248MW nether construction.

CIP main concern serviceman and spouse Mads Skovgaard-Andersen said: “With this important acquisition crossed aggregate markets and technologies, we further fortify our beingness successful Europe.

“The combined onshore wind, star and BESS portfolio complements our existing task portfolio and springiness america the standard to further accelerate the deployment of renewable vigor and fortify Europe’s vigor independency portion delivering strong, risk-adjusted returns to our investors.”

For Ørsted, the divestment aligns with its strategy to ore connected offshore upwind projects wrong Europe, wherever important capableness tenders are projected successful the upcoming years.

The transaction is owed to beryllium finalised successful the 2nd 4th of this year, pending regulatory approvals.

Despite this sale, Ørsted volition support its onshore operations successful the US, which person been independently managed since October 2025.

This deal, on with the merchantability of a 50% involvement successful Hornsea 3 and a bulk stock divestment successful Changhua 2, completes Ørsted's antecedently announced divestment programme.

These transactions collectively purpose to heighten Ørsted’s fiscal stability, with full expected proceeds amounting to astir DKr46bn by the extremity of 2026, surpassing its archetypal people of much than DKr35bn.

Ørsted main fiscal serviceman Trond Westlie said: “Ørsted’s European onshore concern has developed a precise coagulated pipeline and task portfolio, and I americium precise satisfied that we person recovered a caller proprietor of that concern successful CIP, arsenic we person decided to ore our efforts connected offshore upwind successful our halfway European markets.

“The divestment of our European onshore level finalises the divestment programme that we person laid out, and we person present substantially strengthened Ørsted’s fiscal position.”

Last December, Ørsted’s wholly owned subsidiary Sunrise Wind secured a preliminary injunction from the US District Court for the District of Columbia. The injunction allows for the resumption of activities halted by an earlier suspension bid issued by the Director of the Bureau of Ocean Energy Management (BOEM).