Ørsted completes the acquisition of onshore wind power in Ireland and the United Kingdom
Following our company’s announcement published on April 16, 2021, Ã˜rsted has completed the acquisition of a 100% stake in the onshore wind business of Brookfield Renewable in Ireland and the UK, Brookfield Renewable Ireland (BRI) .
BRI is an onshore wind farm developer, owner and operator headquartered in Cork, Ireland. BRI has a portfolio of 389 MW in operation and under construction, 149 MW of advanced development and over 1 GW of development pipeline in Ireland and the United Kingdom. Declan Flanagan, CEO of Ã˜rsted’s Onshore Business Unit, says:
â€œOnce the acquisition is completed, we officially enter the European onshore market. We welcome a BRI team with strong technical capabilities and a very complementary corporate culture to ours and we look forward to developing the portfolio together. ”
The existing management team will continue to run the business, led by Kieran White, Vice President and General Manager, Ireland and UK Onshore.
â€œToday is a really exciting day for our team. We have a proven track record in developing and building large scale renewable projects in Ireland and the UK. Joining Ã˜rsted, a global leader in energy transformation to renewable energies, means that we are competitively positioned to drive value creation and increase renewable capacity in a market that is expected to grow in the years to come.
The information provided in this announcement does not change Ã˜rsted’s forecast for fiscal year 2021. As previously communicated, the level of investment planned for 2021 will increase with the purchase price.
For more information, please contact:
+ 45 99 55 10 23
Allan BÃ¸dskov Andersen
+ 45 99 55 79 96
Ã˜rsted’s vision is a world that runs entirely on green energy. Ã˜rsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy plants, and supplies energy products to its customers. Ã˜rsted ranks as the world’s most sustainable energy company in the 2021 Corporate Knights Index of the World’s 100 Most Sustainable Companies and is recognized on the CDP’s A List on Climate Change as a global leader in climate action. Based in Denmark, Ã˜rsted employs 6,311 people. Ã˜rsted shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group’s turnover amounted to 52.6 billion Danish kroner (7.1 billion euros). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.
Ã˜rsted Completes Acquisition of Onshore Wind Power Platform in Ireland and UK from Brookfield Renewable