Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Deepwater Wind for USD 510 million.

Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind, the leading US offshore wind developer, at a purchase price of USD 510 million. With the combined organization and asset portfolio, Ørsted will be able to deliver clean energy to the seven states on the US East Coast that have already committed to build in total more than 10GW of offshore wind capacity by 2030.