Danish Orsted sells 50% stake in Taiwan's Greater Changhua 4 wind farm to Cathay Life for $1.64B.

Danish company Orsted has sold a 50% stake in its Greater Changhua 4 offshore wind farm project in Taiwan to Cathay Life Insurance for about $1.64 billion. The 583 MW wind farm is due to be completed by the end of 2025. Cathay Life Insurance will also cover half of the project's construction costs. Orsted will retain the remaining 50% and provide operations and maintenance services.

3 months ago
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