Ørsted sells half of its stakes in Taiwanese offshore wind farm
Danish offshore wind developer Ørsted has signed an agreement to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwanese Cathay Life Insurance for DKK 11.6 billion (approximately $1.64 billion).
Ørsted makes huge investment in offshore wind
Ørsted has announced contracts worth £75–100m with UK companies for its Hornsea 3 offshore wind farm. The news, welcomed by Energy Secretary Ed Miliband, means huge parts of the lucrative work to construct the site will help the UK supply chain.
Ørsted brings in Cathay Life Insurance as investor in Greater Changhua 4 Offshore Wind Farm
The Greater Changhua 2b and 4 offshore wind farms are located next to the 900 MW Greater Changhua 1 and 2a, which are in full operation. The 605 MW Greater Changhua 1 is co-owned by Ørsted (50 %) as well as Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE, who have a combined ownership stake of 50 %.
Cathay Life buys half of Ørsted’s €3bn Changhua 4 Offshore Wind Farm
Energy firm Ørsted is selling half of a DKK23.2bn (€3.1bn) wind farm project off the coast of Changhua County, Taiwan to Cathay Life Insurance. Ørsted said insurer Cathay and its wind power subsidiary will acquire a 50% stake in the 583MW Greater Changhua 4 Offshore Wind Farm, with Ørsted retaining the remaining 50% ownership.
Cathay Life Insurance joins Ørsted on Greater Changhua 4 windfarm
Ørsted divests 50% share of offshore windfarm, but will construct it and provide operation and maintenance services
Ørsted Partners with Cathay Life Insurance for Greater Changhua 4 Offshore Wind Farm Investment
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Orsted Sells 50% Stake in Offshore Taiwan Wind Farm to Cathay Life Insurance
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Orsted sells 50% stake in Taiwan wind farm for $1.64 bln
Denmark's Orsted said on Wednesday it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion).
Denmark's Orsted Sells 50% of Taiwan Wind Farm Stake - TaiwanPlus News
Danish wind energy company Orsted has sold 50% of its stake in the Greater Changhua 4 wind farm off Taiwan's west coast to Cathay Life Insurance. The move is part of the Orsted's bid to restore investor confidence in the company after a string of losses and project cancellations.
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