Further to our company announcement issued on 16 April 2021
, Ørsted has completed the acquisition of a 100 % equity interest
in Brookfield Renewable's onshore wind business in Ireland and the UK,
Brookfield Renewable Ireland (BRI).
BRI is a developer, owner, and operator of onshore wind farms
headquartered in Cork, Ireland. BRI has a portfolio of 389 MW in
operation and under construction, 149 MW advanced development, and more
than 1 GW of development pipeline in Ireland and the UK. Declan Flanagan,
CEO of Ørsted's Onshore business unit, says:
"With the acquisition completed, we officially enter the European
onshore market. We welcome a BRI team with strong technical capabilities
and a business culture very complementary to our own and look forward to
growing the portfolio together."
The existing management team will continue to run the business, headed
by Kieran White, VP and Managing Director, Ireland and UK Onshore.
"Today's a truly exciting day for our team. We have a proven track
record in developing and building renewable projects of scale in Ireland
and the UK. Joining Ørsted, a leader in the global energy
transformation to renewables, means we're competitively positioned to
drive value creation and increase renewable capacity in a market set to
grow in the coming years."
The information provided in this announcement doesn't change
Ørsted's guidance for the financial year 2021. As previously
communicated, the expected investment level for 2021 will increase with
the purchase price.
For further information, please contact:
+ 45 99 55 10 23
Allan Bødskov Andersen
+ 45 99 55 79 96
The Ørsted vision is a world that runs entirely on green energy.
Ørsted develops, constructs, and operates offshore and onshore wind
farms, solar farms, energy storage facilities, and bioenergy plants, and
provides energy products to its customers. Ørsted ranks as the
world's most sustainable energy company in Corporate Knights' 2021 index
of the Global 100 most sustainable corporations in the world and is
recognised on the CDP Climate Change A List as a global leader on
climate action. Headquartered in Denmark, Ørsted employs 6,311
people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted).
In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion).
Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and
-- Ørsted completes acquisition of Ireland and UK onshore wind power
platform from Brookfield Renewable
(END) Dow Jones Newswires