Ørsted sells US assets to ECP

Wind Industry Profile of

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million.

The portfolio, comprised of the onshore wind farms Lincoln Land Wind, Plum Creek Wind, and Willow Creek Wind as well as the solar farm Muscle Shoals, is diversified across four US states, representing a total capacity of 862 MW. The projects are all operational and have power purchase agreements in place for all or parts of the production capacity. Ørsted will be the managing member of the partnership and will continue to provide asset management services to the projects. The... ... More: Official Press Release Ørsted

Keywords:

Ørsted, onshore, wind farm, asset, sale, acquisition, ECP, USA, solar, transaction, capacity, PPA, power purchase agreement