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Orsted completes €5.2bn Hornsea 3 farm down - Bureau Technical Services
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Orsted completes €5.2bn Hornsea 3 farm down - Bureau Technical Services
Orsted has completed the sale of a 50% stake in its 2900MW Hornsea 3 offshore wind farm in the UK to Apollo-managed funds for over €5bn. The transaction represents a key milestone in the Danish developer’s funding plan. The deal covers a 50% equity ownership share and Apollo’s commitment to fund 50% of EPC contract payments for the wind farm and offshore transmission asset, Orsted said at the time the deal was announced earlier this year.. The t…
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