Recently, Ørsted sold half of its 100% equity of Germany’s 900MW Borkum Riffgrund 3 offshore wind farm (project company), that is, 50% equity, to fund company Glennmont partners. This is the largest transaction in the global offshore wind power mergers and acquisitions market this year.

The total value of this transaction is DKK 9 billion, equivalent to nearly 9 billion RMB (US $1.4 billion), including 50% equity value and financing of half of the EPC lump sum. Ørsted is responsible for the construction, 20-year operation and maintenance of the whole wind farm, and green power trading generated by the wind farm.

Source: Offshorewind_EU

Edited and translated: Following The Wind