Ørsted, the world’s largest offshore wind developer, is selling its entire European onshore business as the embattled firm looks to strengthen its balance sheet after a major rights issue last year. Ørsted on Tuesday said it had signed a deal with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business. Ørsted’s European onshore business comprises onshore wind, solar, and battery storage projects in Ireland, the…
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