Ørsted completes 50% divestment of Borkum Riffgrund 3 Offshore Wind Farm

Source: press release, 10 February 2022

Borkum Riffgrund 1 offshore wind farm adjacent to the planned Borkum Riffgrund 3 project
Borkum Riffgrund 1 offshore wind farm adjacent to the planned Borkum Riffgrund 3 project (photo: Ørsted)

Ørsted reports the completion of its 50 % divestment of the 900 MW German offshore wind farm Borkum Riffgrund 3 to funds managed by Glennmont Partners, which was announced in October 2021.

The information provided in this announcement does not change Ørsted’s financial outlook for the 2022 financial year or the expected investment level announced for 2022.