Copenhagen Infrastructure Partners to acquire European onshore business of Ørsted for €1.44bn.

Copenhagen Infrastructure Partners, a dedicated fund manager for greenfield renewable energy investments, agreed to acquire the European onshore business of Ørsted, a multinational renewable energy company, for €1.44bn. “Ørsted’s European onshore business has developed a very solid pipeline and project portfolio, and I’m very satisfied that we’ve found a new owner of that business in CIP, as we’ve decided to concentrate our efforts on offshore wind in our core European markets. The divestment of our European onshore platform finalises the divestment programme that we’ve laid out, and we’ve now substantially strengthened Ørsted’s financial position,” Trond Westlie, Ørsted CFO.