Ørsted divests 24.5% stake in UK offshore wind farm for $606 million

How Orsted ditched coal and became a titan of offshore wind

This is the second installment of our six-part Masters of Metamorphosis series, in which we look at corporations that have reinvented themselves in order to seize opportunities in the energy transition. Read Naomi Buck's opening essay: "How Some Companies Are Embracing Radical Change to Succeed in the Green Economy."   On a grey day in November 2009, a motley crew of German environmentalists paraded across a square in downtown Copenhagen carryin…

Ørsted divests 24.5% stake in UK offshore wind farm for $606 million

Ørsted divests West of Duddon Sands to Schroders Greencoat

Ørsted has completed the sale of a 24.5% stake in the West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat.

Ørsted has completed the cession of a share in its 389 MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. The share of 24.5% acquired by the funds managed by Schroders Greencoat is valued at £456 million on a debt-free basis. Related:Orsted initiates the construction of a 920 MW offshore wind farm in TaiwanOrsted will retain a 25.5 percent share in West of Duddon Sands and will remain the operator under the exist…

Ørsted sells wind farm for 4 billion DKK. Ørsted is selling a 24.5 percent stake in the offshore wind farm West of Duddon Sands. The crisis-stricken Danish energy giant announced this in a statement. With sale

Windtech International - Ørsted sells 24.5% stake in West of Duddon Sands offshore wind farm to Schroders Greencoat

Ørsted has completed the sale of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The wind farm, located around 14 kilometres off the west coast of the United Kingdom, has been operational since 2014 and has a total capacity of 389 MW.