Danish renewable energy giant Ørsted has divested its European onshore business, including Ireland, to Copenhagen Infrastructure Partners (CIP) for €1.44 billion, reinforcing its focus on offshore wind in its core European markets, reports Michael Korsgaard.

The transaction, expected to close in Q2 2026 pending regulatory approval, finalises Ørsted’s multi-year divestment programme. 

Alongside stakes in Hornsea 3 and Changhua 2, the European onshore sale brings proceeds to approximately DKK 46 billion (EUR 6.1 billion) over 2025–2026, exceeding the company’s target of DKK 35 billion (€4.6 billion).

Ørsted’s European onshore portfolio spans Ireland, the UK, Germany, and Spain, with an operational capacity of 578 MW, 248 MW under construction, and an active development pipeline including onshore wind, solar, and battery storage projects.

Trond Westlie, CFO of Ørsted, said: “Ørsted’s European onshore business has developed a very solid pipeline and project portfolio, and I’m very satisfied that we’ve found a new owner of that business in CIP, as we’ve decided to concentrate our efforts on offshore wind in our core European markets. The divestment of our European onshore platform finalises the divestment programme that we’ve laid out, and we’ve now substantially strengthened Ørsted’s financial position.”

Mads Skovgaard-Andersen, CIO and Partner at CIP, added: “With this significant acquisition across multiple markets and technologies, we further strengthen our presence in Europe. The combined onshore wind, solar, and BESS portfolio complements our existing project portfolio and give us the scale to further accelerate the deployment of renewable energy and strengthen Europe’s energy independence while delivering strong, risk-adjusted returns to our investors.”

Read the full press release to understand how Ørsted’s Irish onshore projects will shift under CIP ownership.