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Orsted ( (DOGEF) ) has issued an announcement.
Ørsted has agreed to sell its entire European onshore business to Copenhagen Infrastructure Partners’ flagship fund Copenhagen Infrastructure V for EUR 1.44 billion, with completion expected in the second quarter of 2026 subject to regulatory approvals. The divestment, covering onshore wind, solar and battery storage assets across Ireland, the UK, Germany and Spain with 578 MW in operation, 248 MW under construction and an additional development pipeline, completes Ørsted’s planned disposal programme alongside earlier partial sales of Hornsea 3 and Changhua 2, bringing total proceeds in 2025-26 to about DKK 46 billion and materially strengthening its balance sheet. The move underscores Ørsted’s strategic pivot to concentrate capital and management attention on offshore wind in its core European markets, while it retains its stand-alone US onshore business, and gives CIP a scaled, multi-technology onshore portfolio to accelerate renewable deployment and bolster Europe’s energy security.
More about Orsted
Ørsted is a Denmark-headquartered 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 capacity and 8.1 GW under construction, and its total installed renewable capacity exceeds 18 GW across offshore and onshore wind, solar power, energy storage, bioenergy plants and energy trading in Europe, Asia-Pacific and North America. Listed on Nasdaq Copenhagen and employing around 8,000 people, Ørsted is widely seen as a sustainability frontrunner and reported operating profit excluding partnerships and cancellation fees of DKK 24.8 billion in 2024.
For an in-depth examination of DOGEF stock, go to TipRanks’ Overview page.