Orsted eyes £4.46bn windfall from Hornsea 1 offshore project wind deal

Michael Holder
clock • 2 min read

Danish developer agrees to sell 50 per cent stake in 1.2GW project to US-based investor Global Infrastructure Partners

Ørsted is set to enjoy a £4.46bn boost over the next two years after agreeing to sell a 50 per cent stake in the 1.2GW Hornsea 1 offshore wind farm, which is currently under construction off the coast...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Carbon Budget and Growth Delivery Plan: Five key takeaways

Government unveils £10m funding pot for off-grid EV charging innovations

More on Wind

NESO launches consultation on offshore wind grid connection plan
Wind

NESO launches consultation on offshore wind grid connection plan

National Energy System Operator seeking feedback on blueprint for connecting over 50GW of new offshore wind power capacity to the grid

James Murray
James Murray
clock 03 November 2025 • 2 min read
Study: Offshore wind capacity on track to triple globally by 2030
Wind

Study: Offshore wind capacity on track to triple globally by 2030

World on the cusp of 'next wave' of offshore wind growth despite headwinds, although many countries are still projected to miss 2030 targets, analysis finds

Stuart Stone
Stuart Stone
clock 30 October 2025 • 5 min read
Study: Wind power cut UK energy costs by more than £104bn between 2010 and 2023
Wind

Study: Wind power cut UK energy costs by more than £104bn between 2010 and 2023

Report flags both 'substantial financial benefits' driven by wind power and fairness concerns given investment has lowered fossil fuel prices

Stuart Stone
Stuart Stone
clock 28 October 2025 • 3 min read