Orsted in talks with Apollo to sell Hornsea 3 stake

Orsted is reportedly in talks with US private capital outfit Apollo to sell a stake in the 2900MW Hornsea 3 project off east England.

The Danish developer is looking to offload a 50% share in the scheme, according to the Financial Times.

Orsted stated last month it was in talks with an unnamed preferred bidder for the Hornsea 3 stake.

The wind farm is expected online in 2027.

The Copenhagen-based company is planning to raise €4.7bn from the sales of Hornsea 3 and other divestments including its onshore wind business.

The company is also in the process of an €8bn rights issue to cover construction of the 924MW Sunrise Wind project in the US.

Orsted and Apollo declined to comment.

Source: reNews

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