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Apollo Funds Commit $6.5 Billion to Ørsted's Hornsea 3 in the UK
Globenewswire· 2025-11-03 19:00
NEW YORK , Nov. 03, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds have agreed to invest $6.5 billion in a 50% stake in Ørsted’s Hornsea 3. The $6.5 billion investment includes the acquisition price for a 50% interest in the joint venture holding Hornsea 3, the world’s largest offshore wind project, and a commitment to fund 50% of the project’s remaining construction costs. Hornsea 3 is Ørsted’s third gigawatt-scale project in the North Sea’s Hornsea zone and upon com ...