Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 3 November 2025, Ørsted entered into an agreement to divest a 50% equity stake in the Hornsea 3 offshore wind farm to Apollo-managed funds, forming a new co-ownership structure for the 2.9 GW project. The transaction, valued at approximately DKK 39 billion for the 50% interest and subject to customary regulatory approvals, includes Apollo funding half of the EPC payments for both the wind farm and its offshore transmission assets, with Ørsted retaining the remaining 50% stake and long-term O&M responsibilities.