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.
The joint venture with Ørsted will help fund the project in the North Sea. Ørsted will continue to construct the wind farm and provide long-term operations and maintenance services.
- Location: 160km off the Yorkshire coast in Northern England
- Capacity: 2.9GW
- Expected output: enough electricity to power more than 3m UK homes
Apollo is investing $6.5bn to become a 50% shareholder in Ørsted’s Hornsea 3 UK offshore wind farm project.
Autor's summary: Ørsted gets $6.5bn from Apollo.