Ørsted Secures $6.5bn Investment from Apollo for Hornsea 3 Offshore Wind Farm
Apollo Infrastructure is investing $6.5bn to gain a 50% stake in Ørsted's Hornsea 3 UK offshore wind farm project.
The investment will help fund the project in the North Sea in a joint venture with energy firm Ørsted.
- Ørsted will continue to construct the wind farm.
- Ørsted will provide long-term operations and maintenance services.
- Ørsted will provide route-to-market for power generation.
Located 160km off the Yorkshire coast in Northern England, the 2.9GW Hornsea 3 offshore wind farm will be the world’s largest offshore wind project once completed, producing enough electricity to power more than 3m UK homes.
No direct quotes available in the text.
Author summary: Ørsted secures $6.5bn investment.
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