Orsted sells European onshore business to CIP for $1.7 billion

Ørsted to Sell European Onshore Business for $1.7 Billion

Ørsted, the world’s 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. Ørsted on Tuesday said it had signed a deal with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business. Ørsted’s European onshore business compris…

Cork's Orsted to divest European onshore business

Danish wind farm operator Orsted said today it has agreed to sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for €1.44 billion.

Orsted sells European onshore business to CIP for $1.7 billion

Danish wind farm operator Orsted said on Tuesday it has agreed to sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for 1.44 billion euros ($1.70 billion).

Orsted to Sell Europe Onshore Wind Unit to CIP for €1.4 Billion

Orsted A/S agreed to sell its European onshore business to Danish investor Copenhagen Infrastructure Partners for €1.4 billion ($1.7 billion), as the company completes a divestment plan.

Ørsted to sell European onshore business to CIP for €1.44B