Ørsted finds two partners for Hornsea 2 Offshore Wind Farm

Wind Industry Profile of

Ørsted has signed an agreement to divest a 50 % ownership stake in its 1.3 GW Hornsea 2 Offshore Wind Farm in the UK to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances.

Hornsea 2 is currently under construction and will become the world’s largest offshore wind farm once commissioned later in 2022. The total value of the transaction is GBP 3 billion, and the transaction is expected to close in the second half of 2022 once the wind farm is fully commissioned and customary regulatory approvals are obtained. AXA IM Alts and Crédit Agricole Assurances will then each own 25 % of the project. The investors’ 50 % stake in Hornsea 2 will be funded through a combination of equity and a senior multi-tranche... ... More: Official Press Release Ørsted

Keywords:

Ørsted, offshore, wind farm, AXA IM Alts, Hornsea 2, UK, construction, consortium, ownership, Crédit Agricole Assurances, stake