
Ørsted seals $6 bn Hornsea 3 offshore wind deal with Apollo
Ørsted has agreed to sell a 50% stake in its 2.9 GW Hornsea 3 offshore wind project in the UK to Apollo for about DKK 39 billion ($6 billion).

Ørsted has agreed to sell a 50% stake in its 2.9 GW Hornsea 3 offshore wind project in the UK to Apollo for about DKK 39 billion ($6 billion).

BigLift Baffin, one of BigLift Shipping’s MC-Class vessels, is transporting the second Hornsea 3 substation topside from Thailand to Norway, marking a key milestone for Ørsted’s 2.9 GW offshore wind project.

Ørsted has unveiled a major organizational restructuring to cut 2,000 jobs by 2027, refocusing on offshore wind and achieving DKK 2 billion in annual savings.

Ørsted has raised $9.4 billion through a major rights issue to strengthen its finances after challenges in the U.S. offshore wind sector. The capital will fund Sunrise Wind and support the company’s global renewable energy strategy.

A federal judge has granted a preliminary injunction that allows the Revolution Wind offshore wind project in New England to restart construction after being halted by the Trump administration over national security concerns.
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