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Windtech International May June 2024 issue

 

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Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50% ownership share of Ørsted’s 752MW Borssele 1 & 2 Offshore Wind Farm, which was commissioned in the fourth quarter of 2020.
 
The total value of the transaction is approx. EUR 1.375 billion (approx. DKK 10.2 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.
 
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