Ørsted CFO: No plans for further farm-downs in Europe after Hornsea 1

Looking forward, Danish utility Ørsted will most likely sell less of its offshore wind portfolio in Europe, following the company's announcement Tuesday that it has sold off half of its large offshore wind farm Hornsea 1 in UK waters.

Photo: PR Ørsted

For several years, Ørsted has frequently completed partial sales of a number of projects to raise capital for further investments in costly offshore wind farms.

The company no longer has that need, and moving forward the process will no longer take place almost as a matter of course. However, if an attractive offer comes up, the management does not deny that more shares could be sold.

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