REG-Ørsted A/S Ørsted agrees to acquire onshore wind farm Ford County Wind in Illinois

Oersted A/SAnnouncement

16/05/2022 09:15

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   Ørsted A/S (Orsted)
   Ørsted agrees to acquire onshore wind farm Ford County Wind in Illinois

   16-May-2022 / 10:07 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   16.5.2022 10:07:02 CEST | Ørsted A/S | Investor News

   Upon the closing of the acquisition, Ørsted will add 121 MW operational
   wind to its portfolio in the US MISO market, which covers 15 states in the
   Midwest and the South. Ford County Wind is contracted via power purchase
   agreements (PPA’s) with Mars, Incorporated, Silgan Containers, and BHJ
   USA. The project reached commercial operation in March.

   Today, Ørsted announced that it has agreed to acquire Ford County Wind, a
   121 MW onshore wind farm in Ford County, Illinois, from funds managed by
   Ares Management Corporation’s Infrastructure Opportunities strategy
   (‘Ares’). The wind farm is located in Midwest Independent System
   Operator’s (MISO) territory, further strengthening Ørsted’s presence in
   the region. Ørsted acquired the 302 MW Lincoln Land Wind facility, also in
   MISO’s territory, from Ares last year.  

   James Giamarino, Senior Vice President and Head of Project Finance &
   Business Development for Ørsted Onshore North America, says: “I’m pleased
   that we continue to diversify our Onshore portfolio with additional
   capacity in MISO Illinois and expand our relationship with Ares through
   the agreement to acquire Ford County Wind. We’re proud to work with new
   customers Mars, Silgan Containers, and BHJ USA and be able to support
   their decarbonisation journeys.”

   Steve Porto, Partner in Ares Infrastructure Opportunities, said: “We’re
   pleased to work with Ørsted again on this latest transaction and believe
   that the sale of the Ford County asset underscores the strength of our
   relationship and Ares’ commitment to creating high-quality climate
   infrastructure assets.”

   The acquisition is expected to be finalised later this year upon receipt
   of customary regulatory approvals.  Ford County Wind brings Ørsted
   Onshore’s US capacity in operation and under construction to approximately
   4.4 GW.

   For further information, please contact:
   Media Relations
   Kathrine Ejlskov
   + 45 99 55 10 23
    1 katej@orsted.com

   Investor Relations
   Rasmus Keglberg Hærvig
   + 45 99 55 90 95
    2 ir@orsted.com

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Moreover, Ørsted provides energy
   products to its customers. Ørsted is the only energy company in the world
   with a science-based net-zero emissions target as validated by the Science
   Based Targets initiative (SBTi). Ørsted ranks as the world’s most
   sustainable energy company in Corporate Knights' 2022 index of the Global
   100 most sustainable corporations in the world and is recognised on the
   CDP Climate Change A List as a global leader on climate action.
   Headquartered in Denmark, Ørsted employs 7,016 people. Ørsted's shares are
   listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK
   77.7 billion (EUR 10.4 billion). Visit  3 orsted.com or follow us on
   Facebook, LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Photo of Ford County Wind.jpg
     •  5 Ørsted agrees to acquire onshore wind farm Ford County Wind in
       Illinois.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  161897
   EQS News ID:   1353111


    
   End of Announcement EQS News Service

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