à‚£2bn deal secures 50 per cent of world’s largest wind farm

A Danish renewable energy group is selling off a 50 per cent stake in the world’s largest wind farm, Walney Extension, to pension funds for à‚£2bn.

Bloomberg reports that àƒËœrsted, formerly known as Dong Energy, is raising its profit forecast for this year on the back of the announcement.
Orsted
The world’s largest operator of wind farms will sell the stake in the project off the British coast to two Danish pension funds. àƒËœrsted lifted its guidance of earnings before interest, tax, depreciation and amortisation this year from DKr17bn-19bn to DKr19bn-21bn.

PKA and PFA will each take a 25 per cent stake in the project, which lies in the Irish Sea off the coast of Cumbria. Henrik Poulsen, àƒËœrsted’s chief executive, said the group already had a partnership with PKA on three other offshore wind farms.

Both partners are committed to the green energy transition and I’m pleased that our offshore wind assets continue to be attractive to institutional investors,” he added.

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