Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
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Orsted sells a 50% stake in its Greater Changhua 4 wind farm to Cathay Life Insurance for $1.64 billion, with payments in 2024 and 2025.
COPENHAGEN (Reuters) - Denmark's Orsted said on Wednesday it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion).
The Greater Changhua 4 site is part of Orsted's 920 megawatt (MW) offshore wind farms Greater Changhua 2b and 4, which the company is currently constructing and expects to finalise by the end of 2025.
Orsted will continue to own the remaining 50% ownership stake in the wind farm, Orsted said.
The transaction amount will be paid in 2024 and 2025, it added.
($1 = 7.0847 Danish crowns)
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
The article discusses Orsted's sale of a 50% stake in its Greater Changhua 4 wind farm to Cathay Life Insurance for $1.64 billion.
Cathay Life Insurance purchased the 50% stake from Orsted.
The payments for the transaction will be made in 2024 and 2025.
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