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Equinor has acquired shares in Ørsted giving it an interest of about 9.8% in the company.
The transaction establishes Equinor as the company’s second largest shareholder, after the Danish State, which had a controlling stake.
“The exposure to producing assets complements Equinor’s operated offshore wind portfolio of large projects under development,” said the company’s CEO Anders Opedal. “The offshore wind industry is currently facing a set of challenges, but we remain confident in the long-term outlook for the sector…”
Ørsted has a portfolio of offshore wind projects in execution of about 7 GW. It is targeting a gross installed renewable capacity of about 35-38 GW by 2030.
