EnergyWatch

Ørsted sells half stake in Greater Changua for EUR 2.2bn

The Danish utility has sold a 50 percent share of its offshore wind farm to a consortium consisting of two major investors.

Photo: HENNING BAGGER/Henning Bagger / henning bagger

Monday, Ørsted sings a sales agreement with a consortium consisting of institutional investor Caisse de dépôt et placement du Québec and Taiwanese private equity firm Cathay PE regarding a 50 percent interest in the Greater Changhua 1 offshore wind farm.

The transaction's value totals to roughly TWD 75 billion (EUR 2.2.billion), Ørsted writes in a corporate announcement.

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