Orsted to Acquire Onshore Wind Farm in Illinois
May 16 2022 - 05:27AM
Dow Jones News
By Dominic Chopping
Danish renewable-energy company Orsted AS said Monday it has
agreed to acquire the Ford County Wind onshore wind farm in
Illinois, U.S. from funds managed by Ares Management
Corporation.
The acquisition of the 121 megawatt wind farm is expected to be
finalized later this year upon receipt of customary regulatory
approvals, it said.
Ford County Wind brings Orsted's onshore U.S. capacity--in
operation and under construction--to approximately 4.4 gigawatts,
it added.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
May 16, 2022 05:12 ET (09:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Ares Management (NYSE:ARES)
Historical Stock Chart
From Feb 2024 to Mar 2024
Ares Management (NYSE:ARES)
Historical Stock Chart
From Mar 2023 to Mar 2024