Ørsted News

 

Ørsted Completes Sale of Borkum Riffgrund 3 OWF Stake to Glennmont

Feb 10, 2022

Denmark-based offshore wind developer Ørsted has completed the sale of a 50% stake in the 900MW Borkum Riffgrund 3 offshore wind farm in Germany.The deal, with funds managed by Glennmontpartners, was first announced in October 2021. Ørsted at the time said that the agreement was the first farm-down to an institutional investor to be signed prior to taking the final investment decision on the project…

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