Ørsted’s Divestment Of Borkum Riffgrund 2 Pushes 2017 Earnings To High End Of Guidance

Ørsted’s Divestment Of Borkum Riffgrund 2 Pushes 2017 Earnings To High End Of Guidance

Danish offshore wind energy powerhouse Ørsted has announced this week that it has completed the divestment of its 450 megawatt Borkum Riffgrund 2 Offshore Wind Farm, leading the company to predict its earnings for 2017 will reach the high end of previous guidance. In August of this year, then-DONG Energy (which has since changed its name to Ørsted) announced that it would enter into an agreement with leading infrastructure investors Global Infrastructure Partners, to farm down a 50% stake in the 450 MW (megawatt) Borkum Riffgrund 2 Offshore Wind Farm, located in the German North Sea, off the coast […]