Energy firm Ørsted is selling its European onshore business to Copenhagen Infrastructure Partners (CIP) for €1.44bn.
Ørsted said it has agreed to sell its entire European onshore business to CIP’s fifth infrastructure fund, in a deal that completes a divestment programme including previous stake sales in Hornsea Hornsea 3 UK offshore wind farm and Greater Changhua 2 Offshore Wind Farm in Taiwan projects.
Ørsted’s European onshore business, which remains active across Ireland, the UK, Germany and Spain, spans a mix of wind, solar and battery energy storage system (BESS) projects. The portfolio comprises 578MW of operational capacity and 248MW under construction, alongside a significant development pipeline.
“The transaction also contributes to delivering on Ørsted’s strategic priority of refocusing on offshore wind in its core European markets, where a significant amount of capacity is expected to be tendered in the coming years,” the company said.
Ørsted continues to own and operate its US onshore business, which has functioned as a standalone business since October 2025.
Trond Westlie, chief financial officer of Ørsted, said: “Ørsted’s European onshore business has developed a very solid pipeline and project portfolio, and I’m very satisfied that we’ve found a new owner of that business in CIP, as we’ve decided to concentrate our efforts on offshore wind in our core European markets.
“The divestment of our European onshore platform finalises the divestment programme that we’ve laid out, and we’ve now substantially strengthened Ørsted’s financial position.”
Mads Skovgaard-Andersen, CIO and partner at CIP, said: “With this significant acquisition across multiple markets and technologies, we further strengthen our presence in Europe.
“The combined onshore wind, solar and BESS portfolio complements our existing project portfolio and gives us the scale to further accelerate the deployment of renewable energy and strengthen Europe’s energy independence while delivering strong, risk-adjusted returns to our investors.”
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