Brookfield buys £1.75bn share in Orsted wind farms

By Alex Funk2024-11-01T10:11:00

Source: Shutterstock

Orsted agrees to divest 12.45% of a third of its UK assets to Canadian investor

Investment giant Brookfield has agreed a £1.75bn deal to acquire shares in four of Orsted’s operational UK offshore wind farms.

View of the Burbo Bank offshore wind farm extension being completed in Liverpool Bay

Brookfield, alongside its listed affiliate Brookfield Renewable Partners, will acquire 12.45% minority stakes in Orsted’s Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension schemes by the end of 2024.

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