Orsted has signed an agreement with Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V fund, to divest its entire European onshore business for EUR 1.44bn (DKK 10.7bn).

The transaction includes 578 MW of operating assets, 248 MW under construction, and the development pipeline across Ireland, the UK, Germany, and Spain, covering onshore wind, solar, and battery storage. The implied valuation is about EUR 1.7m per MW based on operating and construction assets.

NPM Europe reported in November 2025 that Copenhagen Infrastructure Partners was one of two parties to have submitted binding bids for Orsted’s European onshore platform.

With this transaction, together with the sale of a 50% stake in Hornsea 3 and the agreement to divest 55% of Greater Changhua 2, Orsted has completed the divestment programme announced earlier. Total proceeds from transactions signed in 2025–2026 amount to around DKK 46bn (EUR 6.16bn), above the company’s target of more than DKK 35bn (EUR 4.69bn).

Orsted will write off approximately DKK 1.6bn (EUR 210m) of goodwill related to the European onshore business following the decision to divest, to be reflected in its Q4 2025 financial statements as the assets are classified as held for sale.

Orsted will continue to own and operate its US onshore business, which has been managed separately since October 2025.

Closing is expected in Q2 2026, subject to regulatory approvals.

*This story was originally published exclusively for NPM Europe subscribers.