Ørsted makes play for US market with plan to buy Deepwater Wind

Madeleine Cuff
clock • 2 min read

Danish energy giant set to spend $510m on US rival in bid to expand its North American business

Danish clean energy giant Ørsted has made a major play for the fledgling US offshore wind market with a move to buy rival US developer Deepwater Wind. Ørsted announced yesterday it is set to pay $510m...

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

Madeleine Cuff
Author spotlight

Madeleine Cuff

View profile
More from Madeleine Cuff

From SEMTA to Enginuity: Engineering skills body rebrands

Inside Enginuity's plan to build a workforce for the future

More on Wind

EDF to recycle turbine blades into fence posts, benches, and pathways
Wind

EDF to recycle turbine blades into fence posts, benches, and pathways

Energy giant teams up with Reblade to create sustainable boards, planks, and building materials from shredded turbine blades

Stuart Stone
Stuart Stone
clock 12 January 2026 • 2 min read
Wood Mackenzie: Offshore wind tipped for 'breakout year' in 2026
Wind

Wood Mackenzie: Offshore wind tipped for 'breakout year' in 2026

Global wind energy connections to remain at 'substantial' levels, despite drop in onshore wind additions following end of China's 14th Five-Year Plan, study claims

Stuart Stone
Stuart Stone
clock 08 January 2026 • 4 min read
'Snow joke': UK now has enough offshore wind capacity 'to roast three million turkeys'
Wind

'Snow joke': UK now has enough offshore wind capacity 'to roast three million turkeys'

The UK now boasts 16.1GW of offshore wind capacity, while the government has given the green light to a further 9GW of new renewables capacity in only the past 18 months

Michael Holder
Michael Holder
clock 24 December 2025 • 3 min read