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Ørsted to Sell 55% Stake in Taiwanese Wind Farm Project for DKK5 Billion

MT Newswires·12/23/2025 08:53:10
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08:53 AM EST, 12/23/2025 (MT Newswires) -- Ørsted (ORSTED.CO) agreed to sell a 55% equity stake in its Greater Changhua 2 offshore wind project in Taiwan to Cathay for 5 billion Danish kroner. Under its agreement with Cathay Life Insurance and affiliate Cathay Power, the Danish utility will also provide long-term operations and maintenance services, according to a Tuesday filing. The deal is expected to close simultaneously once the project reaches commercial operations, which is expected in the third quarter of 2026. The sale adds to the company's signed divestments, bringing total proceeds to 33 billion kroner, nearing its 2026 target of over 35 billion kroner under its partnership and divestment program.