Orsted sells stakes in four UK offshore wind farms to Brookfield (updated)

Brookfield Renewable Partners LP

30/10/2024 07:48

(Adds CEO quote in paragraph 2, background in paragraph 3)
       COPENHAGEN, Oct 30 (Reuters) - Denmark's Orsted said on
Wednesday it had agreed to sell a 12.45% minority stake in four
of its operational British offshore wind farms to Brookfield in
a transaction worth 1.75 billion pounds ($2.28 billion).
    "Today's transaction is an important milestone in the
farm-down programme as part of our business plan, supporting our
significant re-investment in new assets," Orsted CEO Mads Nipper
said in a statement.
        Orsted, the world's biggest offshore wind farm
developer, in 
    February
     trimmed its investment and capacity targets following a
strategic review.
  
    
($1 = 0.7689 pounds)

 (Reporting by Stine Jacobsen, editing by Terje Solsvik)
 ((stine.jacobsen@thomsonreuters.com; +45 2156 90 10;))