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Ørsted Sells Onshore Wind Business for €1.44 Billion

2/4/2026

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Summary

Story summary

Ørsted has agreed to sell its onshore wind business to Copenhagen Infrastructure Partners (CIP) for €1.44 billion.
The portfolio includes 578 MW of operational wind farms and 248 MW under construction across Ireland, UK, Germany, and Spain.
The deal is expected to close in Q2 2026 as part of Ørsted's divestment to strengthen finances.
The onshore unit will operate under a new name and be headquartered in Cork, powering 250,000 homes.

History

Historical Context

In 2023, Ørsted's sale of its onshore wind business for €1.44 billion marks a pivotal moment in renewable energy investment, echoing the 2009 European Union Renewable Energy Directive that aimed for 20% renewable energy by 2020. This transaction, involving 578 MW of operational wind farms across Europe, underscores the ongoing shift towards sustainable energy sources critical for addressing climate change.

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Story summary

Ørsted has agreed to sell its onshore wind business to Copenhagen Infrastructure Partners (CIP) for €1.44 billion.
The portfolio includes 578 MW of operational wind farms and 248 MW under construction across Ireland, UK, Germany, and Spain.
The deal is expected to close in Q2 2026 as part of Ørsted's divestment to strengthen finances.
The onshore unit will operate under a new name and be headquartered in Cork, powering 250,000 homes.

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