Ørsted to take full ownership of Gunfleet Sands 1 & 2 Offshore Wind Farm in the UK12.10.2026 10:00:06 CEST | Ørsted A/S | Investor News
Ørsted has exercised a long-standing buyback right in relation to the Gunfleet Sands 1 & 2 Offshore Wind Farm, in which Ørsted currently holds a 50.1 % ownership interest. Under the agreement, Ørsted will acquire the remaining 49.9 % ownership interest from its investment partners for a total consideration of approximately GBP 15 million. On completion of the transaction, which is subject to customary closing conditions and expected to close in November, Ørsted will take full ownership of the 172 MW asset located 7 km off the Essex coast in the UK. This will enable Ørsted to capture the full potential of the asset and provide greater flexibility in managing Gunfleet Sands 1 & 2 Offshore Wind Farm and assessing future late-life options, including a potential lifetime extension. Richard Bodal Hansen, Ørsted’s UK Country Manager, said: “Gunfleet Sands 1 & 2 has been part of the UK’s renewable energy story since 2010, and we’re proud of the contribution it continues to make. Taking full ow
