CLI to buy 50% stake in Ørsted’s Greater Changhua 4 for $1.6bn
Ørsted will retain the remaining 50% stake in the wind farm.
13 December 2024
13 December 2024
Ørsted will retain the remaining 50% stake in the wind farm.
Despite regulatory hurdles, start-ups are making low-carbon hydrogen “more accessible and economically viable”.
The sale process is in its early stages and no deal is guaranteed.
The move marks the fifth participation in overseas offshore wind farm projects for Kansai Electric Power.
MEAG holds an indirect 13.9% stake in Amprion through a holding company.
The approval allows SSEN Transmission to advance pre-construction activities such as community consultations and supply chain engagement.
The projects are spread across New South Wales, Victoria, South Australia and Queensland.
The decision comes as demand for the V174 offshore turbine blades, currently manufactured at the site, is declining.
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