COPENHAGEN : Denmark’s Orsted said on Wednesday it has agreed to sell a 50 per cent stake in its Greater Changhua 4 offshore wind farm to Taiwan’s Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion).
The Greater Changhua 4 site is part of Orsted’s 920 megawatt (MW) offshore wind farms Greater Changhua 2b and 4, which the company is currently constructing and expects to finalise by the end of 2025.
Orsted will continue to own the remaining 50 per cent ownership stake in the wind farm, Orsted said.
The transaction amount will be paid in 2024 and 2025, it added.
($1 = 7.0847 Danish crowns)
