ENGIE to acquire French onshore business from Ørsted

ENGIE, a multinational utility company, agreed to acquire French onshore business from Ørsted, an energy company. Financial terms were not disclosed. “As part of our updated business plan, we revised our build-out ambitions towards 2030 with an emphasis on where we believe we can realise the most value for Ørsted. Building on this plan, we’ve decided to concentrate our efforts on the UK, Irish, German, and Spanish markets for onshore wind and solar, in Europe. In this light, I’m very pleased that we’ve found a good future owner of Ostwind France in ENGIE," Kieran White, Ørsted Senior Vice President.