Orsted – Ørsted signs agreement to divest 50 % stake in Hornsea 3 to Apollo

Today, Ørsted has entered into an agreement with Apollo-managed funds (‘Apollo‘) for a 50 % equity ownership share in Ørsted’s 2.9 GW Hornsea 3 Offshore Wind Farm in the UK.

The transaction represents a key milestone in Ørsted’s funding plan and balances the key objectives for partnerships and divestments with an emphasis on capital management. The transaction supports a further strengthening of Ørsted’s capital structure and ensures significant progress on its partnership and divestment programme.

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