Ørsted sells last share of London Array OWF

Wind Industry Profile of

Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion).

London Array has a total installed capacity of 630 MW and entered commercial operation in 2013. Ørsted originally owned 50 % of the project and divested an initial 25 % of London Array to CDPQ in 2014. Ørsted does not have O&M responsibility at London Array, and as the company only holds a minority interest, Ørsted considers the asset non-strategic. Ørsted remains the largest player in UK offshore wind, where... ... More: Official Press Release Ørsted

Keywords:

Ørsted, London Array, offshore, windd farm, stake, share, Schroders Greencoat, asset manager, UK, GW, capacity