Ørsted and Engie have signed a share purchase agreement under which Engie will acquire Ostwind International, Ostwind Engineering, and their subsidiaries (jointly Ostwind France), Ørsted’s onshore wind and solar business in France.
The transaction is expected to close in Q2 of 2024. Ørsted acquired Ostwind France in 2022 as part of the acquisition of the French and German onshore platform from Ostwind AG. The German part of the Ostwind transaction has been integrated fully into Ørsted and will remain a focus of Ørsted’s European onshore wind and solar investments. The company decided to concentrate its efforts on the UK, Irish, German, and Spanish markets for onshore wind and solar, in Europe. With the divestment of Ostwind France, Ørsted will have no remaining activities in France.
