The divestment that Ørsted just completed was the sale of a 24.5% stake in the West of Duddon Sands offshore wind farm. The buyers are funds managed by Schroders Greencoat. The transaction, which was completed on a debt-free basis on April 30, 2025, was valued at £456.1 million ($606.5 million). In addition to avoiding countersuit, this strategic divestment indicates Ørsted’s continued dedication to partnerships and risk diversification in its business model.
Touted as one of the biggest wind farms, the West of Duddon Sands wind farm has a capacity of 389 megawatts and opened in 2014. Located 14 kilometers off the UK’s west coast in the Irish Sea, it’s one of the country’s most essential working parts of that renewable energy innovation and leadership. Following this sale, Ørsted will still hold a 25.5% stake in the project. They will go on to further operate it under their current ops and maintenance MOA.
This latest transaction continues Ørsted’s overall strategy of pursuing farm-downs and strategic partnerships. The company has an established relationship with Schroders Greencoat, having previously collaborated on four other offshore wind projects: Walney, Burbo Bank Extension, Hornsea 1, and Borkum Riffgrund 1.
Ørsted group CEO Trond Westlie commented on the significance of the deal, stating, “Farm-downs and partnerships are an integral part of Ørsted’s business model, and we’re pleased to expand our partnership with Schroders Greencoat, who has a proven track record in managing renewable energy infrastructure assets and is a highly valued partner to Ørsted.”
He further emphasized the strategic importance of the transaction, saying, “With today’s announcement, we continue to deliver on our farm-down programme with a transaction that meets our strategic objectives for partnerships and divestments in terms of value creation, risk diversification and capital recycling.”
The completed sale is significant to Ørsted’s focus on further fortifying its portfolio. Simultaneously, their focus remains on ensuring continued operational excellence at the West of Duddon Sands site. The Midwest The demand for renewable energy has never been greater. This collaboration with Schroders Greencoat positions both companies well for future growth and leadership in the renewable energy industry.