Germany – Ørsted has finalized the divestment of a 50% stake in the Gode Wind 3 offshore wind farm to Glennmont Partners, a prominent European investor in clean energy infrastructure.
This move aligns with Ørsted’s strategy to optimize its capital structure and fund further growth. The Gode Wind 3 offshore wind farm, situated in German waters, harnesses cutting-edge wind turbine technology to generate clean, renewable electricity. Its 253 MW capacity is capable of powering approximately 250,000 households annually, contributing significantly to Germany’s energy transition and emission reduction goals.
Strategic partnership
The collaboration between Ørsted and Glennmont Partners underscores their shared commitment to accelerating the development of sustainable energy solutions. This successful transaction builds upon their existing partnerships in the Borkum Riffgrund 3 and Gode Wind 1 offshore wind farms, fostering a collaborative approach to driving the expansion of renewable energy infrastructure in Europe.
Looking ahead
With Gode Wind 3 projected to start commercial operations in 2024, its completion will deliver a substantial boost to Germany’s renewable energy portfolio. The ongoing partnership between Ørsted and Glennmont Partners is anticipated to play a pivotal role in shaping the future of offshore wind energy in Europe and beyond.
