{"id":1318,"date":"2026-02-06T15:50:38","date_gmt":"2026-02-06T15:50:38","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/1318\/"},"modified":"2026-02-06T15:50:38","modified_gmt":"2026-02-06T15:50:38","slug":"orsted-to-sell-european-onshore-business-for-1-7-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/1318\/","title":{"rendered":"\u00d8rsted to Sell European Onshore Business for $1.7 Billion"},"content":{"rendered":"<p class=\"speakable\">\u00d8rsted, the world\u2019s largest offshore wind developer, is selling its entire European onshore business as the embattled firm looks to strengthen its balance sheet after a major rights issue last year.<\/p>\n<p>\u00d8rsted on Tuesday said it had <a href=\"https:\/\/orsted.com\/en\/media\/news\/2026\/02\/orsted-signs-agreement-with-cip-to-divest-its-euro-1477764911\" rel=\"nofollow noopener\" target=\"_blank\">signed a deal<\/a> with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business.<\/p>\n<p>\u00d8rsted\u2019s European onshore business comprises onshore wind, solar, and battery storage projects in Ireland, the UK, Germany, and Spain.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/Roughnecks-Riches-Start-Up-American-Fracking\/dp\/B0FCDBHGSW\" class=\"charts_banner_clicked charts_banner_add_view\" data-banner_id=\"38\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"not_lightbox\" src=\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/02\/book.jpg\"\/><\/a><\/p>\n<p>The total value of the transaction is $1.7 billion (1.44 billion euros) with closing expected in the second quarter of 2026, subject to regulatory approvals.<\/p>\n<p>The sale marks the completion of the divestment program for \u00d8rsted, which last year turned to its shareholders \u2013 including the Danish state \u2013 for a <a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/rsted-Raises-93-Billion-in-Discounted-Share-Sale-Backed-by-Danish-State.html\" rel=\"nofollow noopener\" target=\"_blank\">$9.35 billion rights issue<\/a> to raise funds amid major industry headwinds, especially in the U.S.<\/p>\n<p>Last year, \u00d8rsted signed a deal to divest 50% in its 2.9 GW Hornsea 3 Offshore Wind Farm to funds managed by Apollo Global Management in a transaction valued at <a href=\"https:\/\/oilprice.com\/Company-News\/rsted-Sells-50-of-Hornsea-3-Offshore-Wind-Project-to-Apollo-for-56-Billion.html\" rel=\"nofollow noopener\" target=\"_blank\">$5.6 billion<\/a>.<\/p>\n<p>At the end of 2025, the Denmark-based firm also <a href=\"https:\/\/orsted.com\/en\/media\/news\/2025\/12\/orsted-brings-in-cathay-as-investor-in-greater-cha-1473528511\" rel=\"nofollow noopener\" target=\"_blank\">signed an agreement<\/a> with Taiwan\u2019s Cathay Life Insurance and its affiliate Cathay Power to sell 55% of its 632?MW Greater Changhua 2 Offshore Wind Farm in the Taiwan Strait for about $790 million.<\/p>\n<p>The sale of the European onshore business to CIP for the equivalent of about $1.7 billion represents the third cornerstone transaction that \u00d8rsted had previously announced in efforts to bolster its balance sheet and stop cash bleeding.<\/p>\n<p>\u201c\u00d8rsted has thereby finalised its divestment programme as planned and significantly strengthened its financial foundation,\u201d the company said today.<\/p>\n<p>With the divestment of its European onshore business, \u00d8rsted has signed transactions during 2025-2026 with proceeds totalling about $7.3 billion (46 billion Danish crowns), delivering on its target of more than $5.5 billion (35 billion crowns) in divestment proceeds during this period.<\/p>\n<p>\u201cWe\u2019ve now substantially strengthened \u00d8rsted\u2019s financial position,\u201d chief financial officer Trond Westlie said on Tuesday.<\/p>\n<p>By Tsvetana Paraskova for Oilprice.com<\/p>\n<p>More Top Reads From Oilprice.com<\/p>\n","protected":false},"excerpt":{"rendered":"\u00d8rsted, the world\u2019s largest offshore wind developer, is selling its entire European onshore business as the embattled firm&hellip;\n","protected":false},"author":2,"featured_media":1319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[285],"tags":[1785,1786,382,1475,778,71,380,990,287,928],"class_list":{"0":"post-1318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-orsted","8":"tag-asset-sale","9":"tag-balance-sheet","10":"tag-copenhagen-infrastructure-partners","11":"tag-divestment","12":"tag-energy-transition","13":"tag-europe","14":"tag-offshore-wind","15":"tag-onshore-wind","16":"tag-orsted","17":"tag-renewable-energy"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/1318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=1318"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/1318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/1319"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=1318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=1318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=1318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}