General – Ownership Hornsea
Ørsted has agreed to sell half of its ownership in the Hornsea Three offshore wind farm to global investment firm Apollo Global Management for $6.1 billion.
This is one of the largest transactions in the offshore wind sector to date.
Key points:
• Ørsted sells a 50% interest in Hornsea Three to Apollo
• Transaction value is $6.1 billion
• Hornsea Three is a major offshore wind project in the UK North Sea
• The deal highlights strong investor confidence in large-scale renewable energy assets
• Ørsted retains the remaining ownership and continues as project operator
• Partnership with Apollo brings long-term capital and supports project delivery
This transaction underscores the growing role of institutional capital in renewable energy and reflects strong market momentum for offshore wind investment and monetisation.
It also enables Ørsted to recycle capital into future growth opportunities while maintaining operational leadership on Hornsea Three.
