CEO Connor Teskey emphasized, "UK offshore wind assets are a critical part of the energy mix," aligning with the government's renewed focus on net-zero targets and supportive measures.
Orsted's disposal strategy of £8.75 billion by 2026 comes amid rising interest rates, aiming to reduce costs and strengthen its balance sheet in a challenging market.
Chancellor Rachel Reeves framed Brookfield's acquisition as a "huge vote of confidence in the UK's clean energy sector,' reflecting the government’s commitment to renewable investments.
Hornsea 2, acquired by Brookfield, is the world’s largest single offshore wind farm and can power approximately 1.4 million homes, highlighting its significance in renewable energy.
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