Stonepeak to acquire 4 US onshore wind farms from Ørsted for $300m.

Stonepeak, an alternative investment firm, agreed to acquire 4 US onshore wind farms from Ørsted, a Danish power producer, for $300m. “The need for efficient infrastructure with the power to further the energy transition continues to grow, and onshore wind continues to play a major role in helping to meet that demand. Ørsted’s US onshore assets are young and have been built with trusted technology, which gives us confidence in their potential to make a meaningful and positive long-term impact on the communities they serve. We look forward to partnering closely with Ørsted on this highly contracted, geographically diverse portfolio,” Anthony Borreca, Stonepeak Senior Managing Director.