The Danish energy company Ørsted is now sharpening its focus on building and operating offshore wind turbines.
Ørsted says in a press release that it has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to sell Ørsted's entire European onshore business.
This concerns wind turbines, solar cell plants and battery storage for a total price of 10.7 billion kroner.
The transaction must receive the green light from the authorities before it can be completed, but it is expected to happen in the second quarter of this year.
Ørsted has recently sold 50 percent of the offshore wind farm Hornsea 3 and 55 percent of the Chinese Changhua 2.
In total, assets worth 46 billion kroner have been sold in 2025 and 2026.
Will secure capital for 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 divestment 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, says Trond Westlie, Group CFO of Ørsted.
The activities included in the deal with CIP include facilities in Ireland, the UK, Germany and Spain.
These are facilities with a capacity of 578 megawatts in addition to the 248 megawatts that are under construction.
However, 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 with opposition 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. from.
The problems in the US contributed to Ørsted issuing new shares for 60 billion kroner in the autumn, of which the Danish state bought half.
They 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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