Orsted to Sell Onshore Wind Unit to CIP for €1.4 Billion
Orsted put its European onshore wind business up for sale earlier this year.
Source: Orsted A/SOrsted A/S agreed to sell its European onshore business to Danish investor Copenhagen Infrastructure Partners for €1.4 billion ($1.7 billion), as the company completes a divestment plan.
The Danish renewable developer put its onshore business up for sale earlier this year as part of a broader effort to repair its balance sheet. That included a massive capital increase, after Orsted faced a string of setbacks in the once-promising US offshore wind market.