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Orsted ( (DOGEF) ) has provided an update.
Ørsted has agreed to sell a 55% stake in its 632 MW Greater Changhua 2 Offshore Wind Farm in Taiwan to Cathay Life Insurance and affiliate Cathay Power for about DKK 5 billion, while retaining long-term operations and maintenance responsibility from its Taichung hub. The deal, which follows a DKK 20 billion project financing closed earlier in 2025 and is expected to complete when the project reaches commercial operations in the third quarter of 2026, strengthens Ørsted’s capital structure and advances its partnership and divestment programme, bringing total 2025 divestment proceeds to around DKK 33 billion and moving the company close to its 2025–26 capital recycling target, while deepening its strategic collaboration with Cathay and supporting Taiwan’s offshore wind build-out.
More about Orsted
Ørsted is a Denmark-headquartered global leader in developing, constructing and operating offshore wind farms, with a core focus on Europe and growing activities across Asia Pacific and North America. With more than 30 years of offshore wind experience, it has 10.2 GW of installed offshore capacity and 8.1 GW under construction, and more than 18 GW of total installed renewable capacity including onshore wind, solar, energy storage, bioenergy and energy trading. Listed on Nasdaq Copenhagen, the company is widely recognised as a sustainability leader and is guided by a vision of a world running entirely on green energy.
For detailed information about DOGEF stock, go to TipRanks’ Stock Analysis page.