Ørsted acquires onshore developer Ostwind

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Today, Ørsted has entered into an agreement with Ostwind, a German developer, owner, and operator of onshore wind and solar PV projects in Germany and France, to acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & Co. KG, OSTWIND International S.A.S., and OSTWIND Engineering S.A.S. from OSTWIND AG, a holding company located in Regensburg, Germany.

The agreement is based on an enterprise valuation of Ostwind of EUR 689 million. This includes financial liabilities of the projects and companies. The final price will be subject to customary adjustments. The acquisition of Ostwind constitutes Ørsted’s entry into the sizeable and growing German and French onshore markets and substantially expands... ... More: Official Press Release Ørsted

Keywords:

Ørsted, Ostwind, developer, Germany, France, onshore, wind farm, acquisition, share, owner, operator