Headlines
Orsted sells stake in UK offshore wind farm for $606 million
Published by Global Banking & Finance Review®
Posted on May 1, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 1, 2025
1 min readLast updated: January 24, 2026
Orsted sold a 24.5% stake in its UK offshore wind farm to Schroders Greencoat for $606 million, retaining a 25.5% stake and operational control.
COPENHAGEN (Reuters) -Orsted has sold a 24.5% stake in a UK offshore wind farm for around 456 million pounds ($606 million) to funds managed by Schroders Greencoat, it said on Thursday.
The world's biggest offshore wind power developer will retain a 25.5% stake and remain the operator of the West of Duddon Sands project located off the UK west coast, which has a capacity of 389 megawatts, it said.
Orsted's Chief Financial Officer Trond Westlie said in a statement the deal met the company's strategic objectives "in terms of value creation, risk diversification, and capital recycling".
Battling to restore investor confidence, Orsted in February trimmed its investment and capacity targets and paused dividend payouts as part of a major review.
($1 = 0.7525 pounds)
(Reporting by Stine Jacobsen; Editing by Jan Harvey)
The main topic is Orsted's sale of a 24.5% stake in a UK offshore wind farm to Schroders Greencoat for $606 million.
The stake was bought by funds managed by Schroders Greencoat.
Orsted retains a 25.5% stake and remains the operator.
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