03 Feb Ørsted finalises divestment of its European onshore business
(Oilandgaspress) -] Ørsted has signed an agreement with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business. The total value of the transaction is EUR 1.44 billion (DKK 10.7 billion) with expected closing in Q2 2026, subject to regulatory approvals.
Together with the 50 % divestment of Hornsea 3 and the agreement to divest 55 % of Changhua 2, Ørsted has now signed the three cornerstone transactions that were previously announced. Ørsted has thereby finalised its divestment programme as planned and significantly strengthened its financial foundation. With the divestment of its European onshore business, Ørsted has signed transactions during 2025-2026 with proceeds totalling approx. DKK 46 billion, delivering on the company’s target of more than DKK 35 billion in proceeds during this period.
Together with the strengthening of Ørsted’s balance sheet and the finalisation of its divestment programme, the transaction also contributes to delivering on Ørsted’s strategic priority of refocusing on offshore wind in its core European markets, where a significant amount of capacity is expected to be tendered in the coming years.
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Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price, LPG, Ørsted ,divestment , European, onshore , offshore wind,CIP,
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