Ocean Energy Resources

SERVING THE OIL, GAS AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ARCHIVE
    • Printed Issues
    • Downloads
  • MEDIA KIT
  • FREE SUBSCRIPTIONS
    • Online OER Magazine
    • Digital Newsletter
  • OFFSHORE CAREERS
  • CONTACT

Ørsted sells 50% ownership MW Borssele 1 & 2 Offshore Wind Farm

Wednesday, April 7 2021

Today, Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50 % ownership share of Ørsted’s 752 MW Borssele 1 & 2 Offshore Wind Farm.

The total value of the transaction is approx. EUR 1.375 billion which is to be paid upon closing of the transaction. Closing is expected around summer 2021. As part of the agreement, Ørsted will continue to provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Vlissingen in the Netherlands.

Furthermore, Ørsted will provide NBIM with balancing services and a long-term route to market for the renewable electricity generated by Borssele 1 & 2.

Today’s agreement marks NBIM’s first investment in unlisted renewable energy infrastructure.

Martin Neubert, Chief Commercial Officer and Deputy Group CEO of Ørsted, says: “As one of the world’s largest institutional investors, Norges Bank Investment Management is making a difference by making sustainable investments. We’re delighted to welcome NBIM as partner on Borssele 1 & 2, which is a landmark project for the Netherlands’ transition to renewable energy, and we’re pleased to support NBIM in their strategy to invest in renewable energy infrastructure assets.”

Mie Holstad, Chief Real Assets Officer at Norges Bank Investment Management, says: “We are very pleased to partner on Borssele 1&2 with Ørsted, the market leader in offshore wind. We are excited to have made our first unlisted investment in renewable energy infrastructure, and we look forward to working alongside Ørsted on delivering green energy to Dutch households.”

Related posts:

  1. Vlissingen maakt zich op voor komst Ørsted
  2. World’s largest offshore wind farm opens today
  3. Orsted buys Deepwater to form 9GW US giant
  4. Ørsted already puts Borssele 1 and 2 in shop windows

Filed Under: Finance, International News, ownership, Windenergy Tagged With: 50% ownership, MW Borssele 1 & 2 Offshore Wind Farm, NBIM, Orsted, Sale

Read Magazine Online

Event List

  • Japan Wind Energy
    • 17/06/2021 - 18/06/2021
  • Offshore Technology Conference 2021
    • 16/08/2021 - 19/08/2021
    • Houston
  • Business Network for Offshore Wind’s International Partnering Forum (IPF)
    • 24/08/2021 - 26/08/2021
    • Richmond
  • SPE Offshore Europe 2021
    • 07/09/2021 - 10/09/2021
    • Aberdeen
  • Navingo Career Event 2021
    • 26/10/2021 - 27/10/2021
    • Amsterdam
  • all events

Follow us on Twitter

Tweets door @OERnews

Copyright © Practica Productions - All rights reserved - 2021 cookies