Renewable energy company Orsted is to sell its entire Cork-headquartered European onshore business in a deal worth €1.44 billion to Danish investment firm Copenhagen Infrastructure Partners (CIP). The unit, which includes a 373MW portfolio of operational onshore wind farms and 178 MW of active construction projects across the island of Ireland, spans onshore wind, solar energy, and battery storage projects. The European business builds and operates wind, solar and storage projects in Ireland, the UK, Germany and Spain. Under the deal, it will become a standalone company operating under a new name and brand, but will remain headquartered in Cork with staff transferring to the new business. Orsted continues to own and operate its onshore business in the US, a standalone business unit since October 2025.

Source: The Irish Times February 03, 2026 23:22 UTC