Ørsted announced that its acquisition of Deepwater Wind has been finalized. As per its announcement in early October, Ørsted made an agreement with the D.E. Shaw group to acquire 100% of the equity in Deepwater Wind at a purchase price of USD $510 million.
Accordingly, the two companies’ offshore wind assets and organizations will be merged into one, leading U.S. offshore wind platforms with the most comprehensive geographic coverage and the largest pipeline of development capacity. Deepwater Wind, a U.S. offshore wind developer, has built an attractive and geographically diverse portfolio of projects along the U.S. East Coast.
All conditions to close the acquisition have been satisfied, according to Ørsted, including review of the transaction by U.S. authorities.
Filed Under: News, Offshore wind, Projects