Orsted has cashed in on a lucratively subsidised contract to build the world’s largest offshore wind farm in British waters, selling half of the project to an infrastructure fund for £4.5 billion. The “bumper” price paid by Global Infrastructure Partners for the stake in Hornsea One, 75 miles off the coast of Grimsby, was a third more than expected, RBC Capital Markets said. Orsted, formerly known as Dong Energy, has already started building the 174-turbine project capable of powering more than a million homes. It should be completed by 2020.
Times 20th Sept 2018 read more »
Telegraph 19th Sept 2018 read more »