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

More on Wind

Scotland floating wind project secures £150m investment

Scotland floating wind project secures £150m investment

Great British Energy, the UK's National Wealth Fund and the Scottish National Investment Bank each commit up to £50m towards development of 100MW Pentland floating wind farm

clock 20 November 2025 • 3 min read
'World beating record': Blustery day sees Britain's wind farms power 22 million homes

'World beating record': Blustery day sees Britain's wind farms power 22 million homes

Onshore and offshore wind turbines across the country provided almost 44 per cent of Britain's electricity on the evening of Remembrance Day

Michael Holder
clock 20 November 2025 • 3 min read
ScottishPower Renewables repowers Scotland's first commercial wind farm

ScottishPower Renewables repowers Scotland's first commercial wind farm

Upgrade to Hagshaw Hill wind farm means site is capable of generating five times more power from half the number of turbines

Michael Holder
clock 14 November 2025 • 2 min read