Copenhagen Infrastructure Partners (CIP), through its flagship fund, Copenhagen Infrastructure V (CI V), has agreed to acquire Ørsted’s European onshore business, marking a significant expansion in the renewable energy sector. This acquisition, which includes over 800 MW in operation and under construction, along with a multi‑gigawatt development pipeline in Ireland, the UK, Germany, and Spain, adds to CIP’s diverse portfolio, enhancing its capability to expedite renewable energy projects across Europe. The move signifies a strategic realignment for Ørsted, which will focus on its core offshore wind efforts, while CIP aims to leverage its scale and expertise to bolster Europe’s energy independence and transition towards sustainable energy sources. The transaction is a step forward in CIP’s mission to drive long-term value creation through its specialized fund, underlining the ongoing momentum in the global energy transition landscape.

Elsewhere in the market, Jinko Solar was a standout up 13.3% and ending trading at CN¥7.00, hovering around its 52-week high. Meanwhile, Industrias Peñoles. de trailed, down 13.4% to finish the session at MX$1,012.80.

Equinor’s valuation may not reflect declining revenue projections and rising expenses. Click here to explore the full narrative on Equinor’s challenges and opportunities.

Refer to our Market Insights article, “How to Invest When Commodity Prices Get Messy,” which highlights commodity impacts driven by energy transition trends. Read it now, as opportunities are swiftly evolving!

Chevron finished trading at $174.03 down 1.6%, near its 52-week high.

Equinor settled at NOK252.70 down 1.7%.

Tesla ended the day at $421.81 down 2%.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.