Apollo Infrastructure has invested $6.5 billion for a 50% stake in Ørsted’s Hornsea 3, the world's largest offshore wind project, to support the UK's renewable energy initiatives.

Information on the Target

Apollo Infrastructure has made a significant move by agreeing to invest $6.5 billion for a 50% stake in Ørsted’s Hornsea 3, marking their partnership in the world’s largest offshore wind farm project. This investment not only includes the acquisition of the stake but also a commitment to fund half of the remaining construction expenses.

Hornsea 3 represents Ørsted’s latest venture in the North Sea’s Hornsea zone, boasting a substantial capacity of 2.9GW. This energy generation potential is capable of providing renewable power to over 3 million households across the UK, contributing significantly to the country’s energy landscape.

Industry Overview in the UK

The offshore wind industry in the UK has seen exponential growth over the past few years, driven by governmental policies aiming to reduce carbon emissions and enhance energy security. With a commi