Orsted Sells Majority Stake in Taiwan Wind Farm to Cathay

• The transaction brings Orsted's total 2025 divestments to around 33 billion Danish crowns, marking significant progress in its partnership and divestment program
• Greater Changhua 2 consists of an operational 2a project and the 2b project currently under construction
• The sale comes as Orsted faces headwinds from inflation, supply chain issues, and potential policy shifts under the Trump administration's opposition to renewable energy

Orsted Divests Majority Stake in Taiwan Offshore Wind Farm

Danish offshore wind giant Orsted has agreed to sell a 55% stake in its Greater Changhua 2 offshore wind farm in Taiwan to life insurance company Cathay for approximately 5 billion Danish crowns ($788.74 million). The transaction represents a critical step in Orsted's capital restructuring efforts as the world's largest offshore wind developer grapples with mounting challenges including supply chain disruptions, inflation-driven cost increases, and regulatory uncertainty stemming from U.S. President Donald Trump's opposition to renewable energy.

The Greater Changhua 2 site consists of two components: Greater Changhua 2a, which is already operational, and Greater Changhua 2b, currently under construction. This divestment is part of Orsted's broader partnership and divestment program aimed at strengthening its financial position and restoring investor confidence.

With this agreement, Orsted has achieved total divestment proceeds of approximately 33 billion Danish crowns during 2025, demonstrating significant progress in its asset optimization strategy. The transaction underscores the continued investor appetite for operational and near-operational offshore wind assets, particularly in Asia's growing renewable energy market.

The deal comes at a crucial time for the offshore wind sector, which faces headwinds from supply chain constraints and political opposition in key markets. For Orsted, the capital infusion provides financial flexibility to navigate current market challenges while maintaining its position as the industry leader. The involvement of Cathay, a major life insurance company, also highlights the increasing interest from institutional investors seeking long-term, stable returns from renewable energy infrastructure.