Orsted: Sells European Onshore Wind Business at a Good Price; Maintain Fair Value Estimate
Key Morningstar Metrics for Ørsted
Orsted agreed to sell its European onshore business for EUR 1.44 billion (DKK 10.7 billion) to Copenhagen Infrastructure Partners. The group put the business up for sale in August 2025 as part of a strategic refocus on offshore wind in its core European markets.
Why it matters: Upon completion of the transaction, expected in the second quarter of 2026, Orsted will have divested DKK 46 billion of assets over 2025-26, exceeding its DKK 35 billion target.
- The transaction price implies an attractive valuation of EUR 2.64 million per megawatt of installed capacity.
The bottom line: The deal’s value creation is roughly 4 DKK per share, or 2.5% of our fair value estimate, which is not material. Therefore,…
