Wind Energy – Acquisition
Copenhagen Infrastructure Partners (CIP) has agreed to acquire Ørsted’s European onshore business, which has over 800 MW in operation and under construction, along with a multi-gigawatt development pipeline across Ireland, the UK, Germany, and Spain.
The acquisition adds a fully integrated, multi-technology onshore business to CI V, which will allow CIP to accelerate renewable energy deployment across Europe.
The acquired development and operational capabilities—together with CIP’s investment discipline and industrial expertise—create a compelling opportunity for a significant build-out and long-term value creation.
Mads Skovgaard-Andersen, CIO and Partner at Copenhagen Infrastructure Partners, states: “With this significant acquisition across multiple markets and technologies, we further enhance our presence in Europe. The combined onshore wind, solar, and BESS portfolio complements our existing projects and provides the scale to accelerate the deployment of renewable energy and improve Europe’s energy independence while delivering strong, risk-adjusted returns to our investors.”
Trond Westlie, CFO of Ørsted, says: “Ørsted’s European onshore business has developed a very solid pipeline and project portfolio, and I’m very satisfied that we’ve found a new owner of that business in CIP, as we’ve decided to concentrate our efforts on offshore wind in our core European markets. The divestment of our European onshore platform finalises the divestment programme that we’ve laid out, and we’ve now substantially strengthened Ørsted’s financial position.”
Following the closing, the onshore business will operate as a stand-alone business with a new company name and brand.
