Orsted Sells 50% Stake in UK Wind Farm to French Consortium for GBP3 Billion
March 28 2022 - 7:36AM
Dow Jones News
By Dominic Chopping
Danish renewable-energy company Orsted AS said Monday that it
has agreed to sell a 50% stake in its Hornsea 2 offshore wind farm
in the U.K. to a French consortium for 3 billion pounds ($3.95
billion).
The consortium comprises AXA IM Alts and Credit Agricole
Assurances, who will each own a 25% stake in the project.
Orsted said Hornsea 2 is currently under construction and will
become the world's largest offshore wind farm once commissioned
later in 2022. With a capacity of 1.3 gigawatts, it will provide
enough green electricity to power the equivalent of more than 1.3
million homes annually.
The transaction is expected to close in the second half of 2022,
once the wind farm is fully commissioned and customary regulatory
approvals are obtained.
Orsted said the deal doesn't change its financial guidance for
2022.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 28, 2022 07:21 ET (11:21 GMT)
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