EnergyWatch

Ørsted sells half of Hornsea 1 for EUR 5 billion

The energy company is selling half of Hornsea 1 – planned to be the world's largest offshore wind farm – substantially boosting its operating result for the year.

Photo: PR Ørsted

Ørsted sold its 50 percent stake in its offshore wind farm Hornsea 2 Tuesday. The buyer is Global Infrastructure Partners (GIP) which paid GBP 4.46 billion for its stake.

Ørsted also updated its expectation for the year and now projects a "substantially higher" operating result, measured in EBITDA, for 2018 relative to 2017 when the figure was DKK 22.5 billion (EUR 3 billion), writes Ørsted in a notice to the stock exchange.

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