EnergyWatch

Ørsted's investment capital gets massive boost from Hornsea 1 sale

Ørsted will have plenty of capital for investing in new projects now that it has sold half of offshore wind farm Hornsea 1.

Photo: PR Ørsted

Ørsted's partial sale of its offshore wind farm project, Hornsea 1 located in UK waters, secures the Danish utility GBP 4.46 billion, which initially will be deposited into the company's aggregated investment capital, says Ørsted CFO Marianne Wiinholt following an announcement from late Tuesday regarding a deal with the buyer, Global Infrastructure Partners.

"The funds will enter our investment capital. We are going to invest a lot of money i Taiwan, we will continue to invest in the UK, where we have both Hornsea 1 and Hornsea 2, and we will participate in several US auctions in the coming period," says Wiinholt to Danish media bureau Ritzau Finans.

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