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    1. Home
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    3. >Orsted divests 50% stake in three US onshore projects for $572 million
    Finance

    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 read

    Last updated: January 27, 2026

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    Quick Summary

    Orsted divests a 50% stake in three US onshore projects to Energy Capital Partners for $572 million, retaining operational control.

    Orsted Sells Half Stake in US Onshore Projects for $572 Million

    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)

    Key Takeaways

    • •Orsted sells 50% stake in three US projects.
    • •The deal is valued at $572 million.
    • •Projects include solar farms in Texas and a storage project in Arizona.
    • •Orsted retains operational control.
    • •Energy Capital Partners is the buyer.

    Frequently Asked Questions about Orsted divests 50% stake in three US onshore projects for $572 million

    1What is the main topic?

    The main topic is Orsted's divestment of a 50% stake in three US onshore projects to Energy Capital Partners.

    2Who is the buyer?

    Energy Capital Partners is the buyer of the 50% stake in the projects.

    3What projects are included in the deal?

    The deal includes two solar farms in Texas and a battery storage project in Arizona.

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