Ørsted to sell European onshore business to CIP for $1.7bn
The sale includes wind, solar energy and battery storage projects, with a total of 578MW in operation and an additional 248MW under construction.
04 February 2026
04 February 2026
The sale includes wind, solar energy and battery storage projects, with a total of 578MW in operation and an additional 248MW under construction.
The PPA involves the supply of electricity from the Nordseecluster offshore wind project, situated around 50km north of the German island of Juist.
Fugro has begun seabed analysis for turbine and cable locations at the German North Sea wind project.
The deal features 27 N163/6.X turbines with anti-icing systems and a service agreement for up to 25 years.
Using a proprietary high-density working fluid, the Cornwood installation is designed to demonstrate how pumped storage can be deployed on lower-elevation sites, opening up new development opportunities.
Situated roughly 4,600m above sea level, the facility ranks as the world's third-highest solar installation.
The PPA involves the supply of electricity from the Nordseecluster offshore wind project, situated around 50km north of the German island of Juist.
Fugro has begun seabed analysis for turbine and cable locations at the German North Sea wind project.
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