Ørsted, the world’s largest developer of offshore wind power, has divested its remaining investment in the London Array Offshore Wind Farm.
The company held a 25% stake in the UK business, with the funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets. The London Array wind farm, one of Ørsted's first projects, was commissioned almost a decade ago, in 2013. Deep Dive: Increased electrification brings challenges and opportunities The sale of assets is set to total £717m and is expected to complete at the end of July. Ørsted originally owned a 50% stake in Array and divested the first 25% in 2014 to global investment group CDPQ for £644m. In a sta...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
