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The latest announcement is out from Orsted ( (DOGEF) ).
Ørsted has completed the previously announced sale of a 50% stake in its Hornsea 3 offshore wind farm to funds managed by Apollo, marking a significant partnership transaction in one of its key UK offshore wind assets. The divestment forms part of Ørsted’s ongoing capital recycling strategy in offshore wind, helping to share project risk, free up investment capacity for its sizeable construction pipeline and reinforce its position as a leading global player in large-scale renewable energy infrastructure.
More about Orsted
Ørsted A/S is a Denmark-headquartered renewable energy group and a global leader in developing, constructing and operating offshore wind farms, with a core focus on Europe. The company has 10.2 GW of installed offshore wind capacity and 8.1 GW under construction, and its total installed renewable capacity exceeds 18 GW across Europe, Asia Pacific and North America, including onshore wind, solar power, energy storage, bioenergy plants and energy trading. Listed on Nasdaq Copenhagen, Ørsted employs around 8,000 people and is widely recognised for its sustainability leadership, reporting operating profit of DKK 24.8 billion (EUR 3.3 billion) in 2024 excluding new partnerships and cancellation fees.
For detailed information about DOGEF stock, go to TipRanks’ Stock Analysis page.