Ørsted chose Cathay Life Insurance for 50 % ownership share in Greater Changhua 4

Wind Industry Profile of

Following a competitive divestment process, Ørsted has signed an exclusivity agreement with Cathay Life Insurance today, selecting the Taiwanese leading insurance company and its affiliate as preferred bidder for the acquisition of a 50 % ownership stake in total of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm in Taiwan.

Ørsted and Cathay Life Insurance have agreed to an exclusivity period lasting until 17 January 2024, during which both parties will finalise negotiations of the transaction documents and confirmatory due diligence. Under the Taiwan Stock Exchange disclosure rules, Cathay Life Insurance is required to make a public announcement upon being selected as preferred bidder. Subject to signing of the transaction, the completion of... ... More: Official Press Release Ørsted

Keywords:

Ørsted, wind farm, offshore, sale, bidder, ownership, Greater CHanhua 4, Taiwan, Catahay, acquisition