Ørsted has completed the divestment of 12.45% minority stakes in four UK offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension. The stakes have been sold to Brookfield for GBP 1.745 billion.
Ørsted will retain a 37.55% ownership interest in the four assets and will continue to exercise a similar level of control and governance as before the transaction. Ørsted will also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements. All four assets are fully operational under long-term inflation-linked contracts for difference (CfDs).
