Renewable energy firm Ørsted to sell-off from its Cork-based onshore wind business for €1.44bn

The deal is valued at €1.44bn

Danish renewable energy firm Ørsted has announced plans to sell off its entire European onshore business, which is headquartered in Cork, to an investor group in a deal valued at €1.44bn.

The onshore wind business builds and operates wind, solar and storage projects in Ireland, the UK, Germany and Spain. It is being sold to Copenhagen Infrastructure Partners (CIP).