Orsted buys back British offshore windfarm stake for $20 million

Oersted A/S

12/10/2026 09:43

COPENHAGEN, Oct 12 (Reuters) - Denmark's Orsted ORSTED.CO said on Monday it has exercised a right to buy back the remaining share of the Gunfleet Sands offshore wind farm in Britain for £15 million ($20 million).
The Danish wind farm developer previously owned 50.1% of the 172 megawatt Gunfleet Sands 1 and 2 wind farm
Japanese power generator JERA held 24.95% while the Development Bank of Japan (DBJ) owned 24.95%
Gunfleet Sands is located 7 km (4 miles) off southeastern Britain
The move allows Orsted to assess future late-life options for the farm, including a potential lifetime extension, it said in a statement
The transaction, which follows a long-standing buyback right established in the original partnership deal, is expected to close in November
Gunfleet Sands 1 & 2 has been operational since 2010 and generates enough renewable electricity to power over 125,000 UK homes annually    
($1 = £0.7551)

 (Reporting by Louise Rasmussen, editing by Anna Ringstrom)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))