Ørsted is selling its European onshore business to Copenhagen Infrastructure Partners (CIP) in a deal valued at €1.44 billion (DKK 10.7 billion), as the Danish renewables group narrows its strategy back to offshore wind and works to strengthen its finances. The transaction, announced on 3 February 2026, is expected to close in Q2 2026, pending regulatory approvals.
What Ørsted is selling and where the assets are
The divestment covers Ørsted’s European onshore platform, spanning onshore wind, solar energy and battery storage projects across Ireland, the United Kingdom, Germany and Spain. The portfolio includes 578 MW in operation and 248 MW under construction, alongside a broader development pipeline.
For an international audience, the scale is easier to read in context: 578 MW is roughly the size of a large onshore wind fleet, while the additional projects under construction and the pipeline give the buyer a ready-made platform to expand quickly across multiple markets.
Why Ørsted is tightening its focus on offshore wind
Ørsted has framed the sale as a way to reinforce its balance sheet and to concentrate on offshore wind in its core European markets, where new auction rounds are expected in the coming years.
The transaction also marks the completion of a divestment programme Ørsted had previously signalled. The company expects total proceeds of around DKK 46 billion (about €6.2 billion, using the krone’s long-standing central rate of 7.46038 per euro) from transactions agreed in 2025–2026, exceeding its earlier target.
CIP’s bet on a multi-technology onshore platform
CIP said it is acquiring a business that combines assets and a pipeline across several European markets and technologies, adding scale in onshore wind, solar and battery storage. The investment is being made through CIP’s fifth flagship fund, Copenhagen Infrastructure V (CI V).
A broader backdrop of higher financing and policy risk
The deal comes as the European renewable sector continues to navigate higher financing costs, supply-chain pressures and permitting constraints—factors that have pushed developers to prioritise cash flow and capital discipline.
For Ørsted, the financial reset has also been shaped by its exposure to the USA, where offshore wind has faced sharper political and regulatory headwinds. The company has been working to stabilise its finances after a period of heightened uncertainty around USA offshore wind development, even as courts have recently allowed construction to resume on specific projects while litigation proceeds.
