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Ørsted Buys Us Offshore Wind Developer Deepwater Wind For $510M | News | Ipe Ra

by realassets.ipe.com posted 2months ago 62 views
Deepwater Wind’s portfolio has a total potential capacity of around 3.3GW. : Danish energy firm Ørsted has expanded its US business with the acquisition of an offshore wind developer for $510M (€443.3m). Ørsted, which entered the US in 2015, said it has entered into an agreement with the DE Shaw Group to buy Rhode Island-based Deepwater Wind. The two companies’ offshore wind assets and organisations will be merged into a US offshore wind platform. Deepwater Wind’s portfolio has a total potential capacity of around 3.3GW. Ørsted’s current US offshore wind portfolio has a total capacity of around 5.5GW.