Ørsted Secures $6.5bn Investment from Apollo
Apollo Infrastructure is investing $6.5bn to gain a 50% stake in Ørsted's Hornsea 3 UK offshore wind farm project.
- Apollo's investment will help fund the project in the North Sea in a joint venture with Ørsted.
- Ørsted will continue to construct the wind farm! provide long-term operations and maintenance services.
The 2.9GW Hornsea 3 offshore wind farm will be the world’s largest offshore wind project, producing enough electricity to power more than 3m UK homes.
Located 160km off the Yorkshire coast in Northern England, the project is expected to be a significant addition to the UK's renewable energy capacity.
Author's summary: Ørsted secures $6.5bn investment.
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