QAZAQ GREEN.  Ørsted has signed an agreement with Copenhagen Infrastructure Partners (CIP) to divest its entire European onshore renewable energy business. The transaction, executed through CIP’s fifth flagship fund, Copenhagen Infrastructure V, is valued at EUR 1.44 billion (DKK 10.7 billion) and is expected to close in the second quarter of 2026, subject to regulatory approvals.

The deal marks the completion of Ørsted’s previously announced divestment programme. Alongside the 50% divestment of Hornsea 3 and the agreement to sell 55% of Changhua 2, the company has now concluded all three cornerstone transactions. Total proceeds from transactions signed in 2025–2026 amount to approximately DKK 46 billion, exceeding the company’s target of more than DKK 35 billion.

Ørsted said the divestment significantly strengthens its financial position and supports its strategic refocus on offshore wind in core European markets, where substantial new capacity is expected to be tendered in the coming years.

Ørsted’s European onshore business operates in Ireland, the UK, Germany, and Spain and includes onshore wind, solar power, and battery energy storage projects. The portfolio comprises 578 MW of operational capacity, 248 MW under construction, and a development pipeline.

Ørsted will continue to own and operate its onshore business in the United States, which has been run as a stand-alone operation since October 2025.