- The divestment deal is valued at EUR 1.44 billion, closing in Q2 2026.
- Ørsted's divestment program aims for DKK 46 billion in proceeds by 2026.
- The transaction includes onshore wind, solar, and battery storage projects.
- Ørsted retains its onshore business in the US, separate from the European deal.
Transaction Overview
Ørsted has signed an agreement with Copenhagen Infrastructure Partners (CIP) to divest its European onshore business for EUR 1.44 billion. The transaction is expected to close in Q2 2026, pending regulatory approvals.
Divestment Program
This deal is part of Ørsted's broader divestment program, which includes the 50% divestment of Hornsea 3 and 55% of Changhua 2. The program aims to generate DKK 46 billion in proceeds by 2026, exceeding the initial target of DKK 35 billion.
Strategic Focus
The divestment allows Ørsted to concentrate on offshore wind projects in its core European markets, where significant capacity is expected to be tendered in the coming years.
Project Details
Ørsted's European onshore business includes projects in Ireland, the UK, Germany, and Spain, covering onshore wind, solar energy, and battery storage. The portfolio comprises 578 MW of operational capacity, 248 MW under construction, and a development pipeline.
US Operations
Ørsted will continue to own and operate its onshore business in the US, which has been managed as a stand-alone entity since October 2025.
