Ørsted has signed a €1.44bn agreement with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business.

Together with the 50 per cent divestment of Hornsea 3 and the agreement to divest 55 per cent of Changhua 2, Ørsted has now signed the three major transactions and finalised its current divestment programme.

The company will now focus on offshore wind in its core European markets, where a significant amount of capacity is expected to be tendered in the coming years.

Trond Westlie, CFO at Ørsted, said: “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.”

Ørsted’s European onshore business is active in Ireland, the UK, Germany, and Spain and spans onshore wind, solar energy, and battery storage projects with an operational capacity of 578MW and 248MW under construction, and a development pipeline. Separate to its European onshore business, Ørsted continues to own and operate its onshore business in the US, which has been run as a stand-alone business, since October 2025.

Meanwhile, in the US, a federal court has granted a preliminary injunction allowing Sunrise Wind, a wholly owned subsidiary of Ørsted, to resume construction while the underlying lawsuit challenging the 22 December 2025 BOEM Director’s Order progresses.

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