Feb 3, 2026
Danish energy company Orsted has agreed to sell its entire European onshore business to Copenhagen Infrastructure Partners (CIP) for DKr10.7bn ($1.69bn), according to a report from Power-Technology. CIP is executing the divestment via its fifth flagship fund, Copenhagen Infrastructure V (CI V).
The sale includes wind, solar energy and battery storage projects, with a total of 578MW in operation and an additional 248MW under construction. Orsted’s European onshore activities include projects across Ireland, the UK, Germany and Spain.
CIP chief investment officer and partner Mads Skovgaard-Andersen said: “With this significant acquisition across multiple markets and technologies, we further strengthen our presence in Europe.” He added, “The combined onshore wind, solar and BESS portfolio complements our existing project portfolio and give us the scale to further accelerate the deployment of renewable energy and strengthen Europe’s energy independence while delivering strong, risk-adjusted returns to our investors.”
For Orsted, the divestment aligns with its strategy to concentrate on offshore wind projects within Europe, where substantial capacity tenders are projected in the upcoming years. Orsted chief financial officer Trond Westlie said: “Orsted’s European onshore business has developed a very solid pipeline and project portfolio, and I am very satisfied that we have found a new owner of that business in CIP, as we have decided to concentrate our efforts on offshore wind in our core European markets.”
Westlie further stated, “The divestment of our European onshore platform finalises the divestment programme that we have laid out, and we have now substantially strengthened Orsted’s financial position.” These transactions collectively aim to enhance Orsted’s financial stability, with total expected proceeds amounting to approximately DKr46bn by the end of 2026, surpassing its initial target of more than DKr35bn.
The transaction is due to be finalised in the second quarter of this year, pending regulatory approvals. Despite this sale, Orsted will maintain its onshore operations in the US, which have been independently managed since October 2025.
In related company news, last December, Orsted’s wholly owned subsidiary Sunrise Wind secured a preliminary injunction from the US District Court for the District of Columbia. The injunction allows for the resumption of activities halted by an earlier suspension order issued by the Director of the Bureau of Ocean Energy Management (BOEM). This court decision permits the Sunrise Wind Project to restart affected operations while the lawsuit opposing the BOEM Director’s Order continues. Last month, Orsted completed the installation of all the turbines at the 920MW Greater Changhua offshore wind project in Taiwan.