Ørsted finalized sale of London Array
The sale of the energy company’s remaining 25% stake in the offshore wind farm has now been finalized.
BY MARKETWIRE
Ørsted has completed the sale of its remaining 25% stake in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoa, the Danish Utility major announces on Thursday morning.
The deal, which has a total value of GBP 717 million, was announced at the end of July.
London Array has a total installed capacity of 630MW and went into commercial operation in 2013, and Ørsted originally owned 50% of the project and initially divested 25% of London Array to CDPQ in 2014.
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