Copenhagen, Nov 3, 2025 (AFP) - Orsted sells half of UK offshore wind farm for $6 bn

NAMPA / AFP

2025-11-03

Struggling Danish wind power company Orsted announced Monday it has sold half of its Hornsea 3 Offshore Wind Farm project in the UK to US investment firm Apollo for about $6 billion. Under the deal, Apollo -- which has a reputation of investing in distressed companies -- will both buy a 50 percent ownership stake and cover half of the remaining construction costs for the project. Orsted called the sale an important step in its funding plan that w......

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