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Ørsted to Buy Out Partners from UK Offshore Wind Farm in GBP15 Million Deal

MT Newswires·10/12/2026 05:07:22
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05:07 AM EDT, 10/12/2026 (MT Newswires) -- Ørsted (ORSTED.CO) will buy the remaining 49.9% of the Gunfleet Sands 1 & 2 offshore wind farm in the UK from its investment partners for 15 million pounds sterling. The Danish wind power company will take full ownership of the 172-megawatt asset by exercising a long-standing buyback right, according to a Monday release. The transaction is expected to be completed in November, pending closing conditions.