Ørsted sells 50% stake in Hornsea 3 to Apollo Global Management for $6.5 billion

Ørsted/Hornsea 3

Ørsted agreed to sell a 50% stake in the Hornsea 3 offshore wind project to Apollo Global Management for approximately $6.5 billion (€5.2 billion), retaining operational control. The transaction validates the project's value and provides Ørsted capital for other investments while sharing development risk with a long-term infrastructure investor.