Ørsted Secures $6.5bn Investment from Apollo for Hornsea 3
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 and provide long-term operations and maintenance services.
The 2.9GW Hornsea 3 offshore wind farm, located 160km off the Yorkshire coast, will be the world's largest offshore wind project once completed, powering over 3m UK homes.
No direct quote available in the text.
Author's summary: Ørsted gets $6.5bn from Apollo.
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