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ACA Credit Agricole SA

14.55
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Credit Agricole SA EU:ACA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.55 16.67 14.00 0.00 06:53:35

Orsted Sells 50% Stake in UK Wind Farm to French Consortium for GBP3 Billion

28/03/2022 12:36pm

Dow Jones News


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By Dominic Chopping

 

Danish renewable-energy company Orsted AS said Monday that it has agreed to sell a 50% stake in its Hornsea 2 offshore wind farm in the U.K. to a French consortium for 3 billion pounds ($3.95 billion).

The consortium comprises AXA IM Alts and Credit Agricole Assurances, who will each own a 25% stake in the project.

Orsted said Hornsea 2 is currently under construction and will become the world's largest offshore wind farm once commissioned later in 2022. With a capacity of 1.3 gigawatts, it will provide enough green electricity to power the equivalent of more than 1.3 million homes annually.

The transaction is expected to close in the second half of 2022, once the wind farm is fully commissioned and customary regulatory approvals are obtained.

Orsted said the deal doesn't change its financial guidance for 2022.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

March 28, 2022 07:21 ET (11:21 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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