Ørsted sells 55% stake in Changhua 2 offshore wind farm to Cathay
Ørsted has signed an agreement to divest 55% of its Greater Changhua 2 offshore wind farm to Cathay Life Insurance, valuing the transaction at approximately DKK5bn ($735mn).
| Countries | Danemark |
|---|---|
| Companies | Orsted |
| Sector | Énergie Éolienne |
| Theme | Investissements & Transactions |
Danish group Ørsted has entered into an agreement with Cathay Life Insurance and its affiliate Cathay Power to sell a 55% stake in the Greater Changhua 2 offshore wind farm in Taiwan. The transaction, valued at approximately DKK5bn ($735mn), involves a total capacity of 632 megawatts across two sites located 50–60 kilometres off the coast of Changhua County.
Comments
Sign in to leave a comment.