Ørsted sells 957MW US onshore wind farm stake to Stonepeak for $300M, maintaining operations and supporting green energy vision.
Ørsted has sold an equity stake in a US onshore wind farm portfolio with a total capacity of 957MW to alternative investment firm Stonepeak for approximately $300M. The deal marks Ørsted's first transaction with Stonepeak and its second major sale of multiple assets in the US. Stonepeak will receive 80% of cash distributions from the projects, while Ørsted will continue to operate the wind farms. The partnership allows Ørsted to recycle and redeploy capital for future value-creating projects and further supports Ørsted's vision of a world running entirely on green energy.
March 13, 2024
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