Orsted sells 50% stake in UK wind farm for $6 billion

Core Viewpoint - Orsted has agreed to sell a 50% stake in the Hornsea 3 offshore wind farm in Britain for 39 billion Danish crowns ($6.09 billion), which is seen as a significant step to secure financial stability and support future investments in renewable energy projects [1] Group 1: Transaction Details - The sale involves a 50% stake in the Hornsea 3 offshore wind farm [1] - The transaction is valued at 39 billion Danish crowns, equivalent to approximately $6.09 billion [1] Group 2: Strategic Implications - This move is considered crucial for Orsted to prevent potential financial strain and to enhance its capacity for future investments in the renewable energy sector [1]