The Danish energy company Ørsted is now sharpening its focus on building and operating offshore wind turbines. Ørsted says in a short statement that it has completed the agreement with Copenhagen Infrastructure Partners (CIP) to sell Ørsted's entire European onshore business. This concerns wind turbines, solar power plants and battery storage for a total price of 10.7 billion kroner.
- In continuation of the announcement issued on February 3, 2026, Ørsted has today completed the divestment of its European onshore business to Copenhagen Infrastructure Partners, Ørsted announced on Thursday evening.
In February, Ørsted announced that it had entered into an agreement with CIP, but the divestment had to be finally approved by the authorities, which has now happened.
The activities included in the deal with CIP include facilities in Ireland, the United Kingdom, Germany and Spain. These are facilities with a capacity of 578 megawatts in addition to the 248 megawatts under construction.
Money goes to offshore wind
The money will be used to secure Ørsted's capital base, so that there is capital to initiate new offshore wind projects.
- With the sale of our European onshore platform, we are completing the divestment program that we have presented, and we have now significantly strengthened Ørsted's financial position, said Trond Westlie, Group CFO of Ørsted, back in February.
Ørsted still owns onshore facilities in the USA, where it is also building the offshore wind farms Sunrise Wind and Revolution Wind.
However, the projects have met resistance from the Trump administration, and a number of delays have caused Ørsted billions in losses, and it has not been possible to sell ownership interests as planned.
The problems in The US was instrumental in Ørsted issuing new shares for 60 billion kroner in the autumn, of which the Danish state bought half. The challenges have also meant that Ørsted's strategic focus in the future is directed towards Europe, where it is expected that a number of offshore wind projects will be tendered in the coming years.
/ritzau/
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