Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Ørsted acquires Deepwater Wind from D.E. Shaw Group
October 8, 2018

Today, Ørsted has announced that they have entered into an agreement to acquire a 100 pct. equity interest of the American off-shore wind energy development group Deepwater Wind at a purchase price of USD 510m. Following the deal, the off-shore assets and organizations of the two companies will be merged into the leading US offshore wind platform. Currently, the total capacity of Deepwater Wind is 3.3 GW, which includes Block Island, the only operational offshore wind farm in the US according to Ørsted.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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