orsted

Ørsted Divests U.S. Onshore Assets

Ørsted said March 13 that it agreed to divest to alternative investment firm Stonepeak on equity ownership stake in a portfolio consisting of four U.S. onshore wind farms, as part of a “farm-down program.The transaction is valued at about US$300 million, and Ørsted has previously raised about US$700 million in tax equity proceeds for the portfolio, bringing the total proceeds raised to about US$1 billion.The four windfarms, which have a ... [+]