Ørsted has sold a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The deal is worth GBP 456.1 million, equivalent to approximately DKK 4 billion, and was completed on April 30, 2025. The Danish energy company announced this in a press release.
The offshore wind farm, located approximately 14 km off the west coast of England, has been in operation since 2014 and has a capacity of 389 MW. Ørsted will retain a 25.5% stake and continue as operator under the existing operation and maintenance agreement.
Schroders Greencoat is a leading investor in renewable infrastructure assets with a combined net generation capacity of over 7 GW and GBP 9.6 billion under management. Schroders Greencoat is already a partner in four other of Ørsted's offshore wind projects. According to Ørsted, the divestment is part of the company's strategy of risk diversification and capital release.
- Partial divestments and partnerships are an integral part of Ørsted's business model, and we are pleased to be able to expand our collaboration with Schroders Greencoat, which has solid experience in managing infrastructure assets within renewable energy and is a highly valued partner for Ørsted. With today's announcement, we continue to deliver on our partial divestment program with a transaction that meets our strategic goals for partnerships and divestments in terms of value creation, risk diversification and capital reinvestment, says Ørsted's CFO Trond Westlie, who is Group CFO of Ørsted.
Globally, Ørsted has installed 18.5 GW of renewable energy across offshore wind, onshore wind, solar and battery storage and has a further 8 GW under construction.
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