Ørsted Finalizes Strategic Portfolio Shift With Apollo's Acquisition of Half-Stake in Hornsea 3 Wind Project

Ørsted has successfully concluded the transfer of a 50% equity stake in the Hornsea 3 Offshore Wind Farm to investment funds controlled by Apollo, marking a significant turning point in the company’s long-term strategic direction. This development builds on the formal announcement made by Ørsted back on November 3, 2025.

The transaction represents a substantial step forward in Ørsted’s evolution toward a more diversified asset portfolio strategy. By partnering with Apollo’s capital resources, the Danish energy company demonstrates its confidence in the Hornsea project’s viability despite challenging weather conditions that can impact offshore installations. The collaboration underscores the growing appetite among institutional investors for renewable energy infrastructure, particularly in established offshore markets.

The divestment structure reflects modern trends in clean energy financing, where developers increasingly leverage partnerships with major asset managers to optimize capital deployment and share operational risks. For Hornsea 3, this arrangement ensures continued development momentum while distributing financial exposure across experienced players in the renewable sector.

However, Ørsted maintained discretion regarding the specific valuation and financial terms underpinning this landmark stake transfer, keeping such details confidential as is common practice in large-scale energy sector transactions. This strategic silence suggests the company views the arrangement as a framework for future collaboration rather than a simple asset sale.

The move positions Ørsted within the broader context of European offshore wind expansion, where weather resilience and long-term operational planning remain critical success factors for projects of Hornsea 3’s scale and complexity.