The Danish company \u00d8rsted signed an agreement to divest 50% of its stake in the Hornsea 3 offshore wind megaproject to the investment fund Apollo, in a deal valued at approximately \u20ac5.2 billion.<\/p>\n\n
The transaction is part of \u00d8rsted’s divestment plan to strengthen its financial structure and advance its strategic partnership program. With an installed capacity of 2.9 GW, Hornsea 3 is under development in the North Sea, r60 kilometers off the Yorkshire coast, and is expected to supply more than three million homes in the United Kingdom. <\/p>\n\n
Apollo not only acquires a 50% equity stake, but also assumes half of the investment commitments under the EPC contract covering both offshore and onshore infrastructure. This move makes the fund an active co-investor in one of the most ambitious wind projects globally. <\/p>\n\n
In addition to leading the construction, \u00d8rsted will continue to be in charge of operations and maintenance at Hornsea 3<\/a><\/strong> from its east coast hub. It will also provide energy balancing and marketing services for the electricity generated by the park, reinforcing its role as technical and commercial operator. <\/p>\n\n The transaction is expected to close before the end of the year, once the corresponding regulatory approvals have been completed.<\/p>\n\n With this development, \u00d8rsted strengthens its presence in the offshore wind market. The Hornsea area, which already includes Hornsea 1 and 2, The total estimated investment for Hornsea 3 ranges between DKK 70 and 75 billion<\/strong>, of which Apollo will contribute a significant portion. The agreement allows \u00d8rsted to maintain expected EBITDA neutrality throughout the life cycle of the project, as envisaged in its recent capital increase. <\/p>\n\nHornsea 3 boosts \u00d8rsted’s leadership in marine energy<\/h2>\n\n