Orsted divests 50% stake in three US onshore projects for $572 million
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026

Orsted divests a 50% stake in three US onshore projects to Energy Capital Partners for $572 million, retaining operational control.
COPENHAGEN (Reuters) - Denmark's Orsted said on Wednesday it would divest a 50% equity stake in three U.S. onshore projects to Energy Capital Partners for $572 million.
The farm-downs include two solar farms in Texas, knpwn as Mockingbird Solar and Sparta Solar, as well as Eleven Mile Solar Center, a battery storage project in Arizona, Orsted said in a statement.
The company will retain a 50% equity ownership interest in the three projects and will continue to operate the projects over their lifespan, it added.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
The main topic is Orsted's divestment of a 50% stake in three US onshore projects to Energy Capital Partners.
Energy Capital Partners is the buyer of the 50% stake in the projects.
The deal includes two solar farms in Texas and a battery storage project in Arizona.
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