CIP is buying the business through its Flagship fund V (CI V).
The European onshore business, headquartered in Cork, builds and operates wind, solar and storage projects in Ireland, the UK, Germany and Spain.
That includes a 373 MW portfolio of operational onshore wind farms and 178 MW active construction projects across the island of Ireland. The Irish operations currently power more than 250,000 homes with renewable electricity.
The Irish sale, alongside previously announced deals for a 50pc stake in Hornsea 3 and 55pc of Changhua 2, is part of Orsted’s divestment programme designed to strengthen its balance sheet, the company said in a statement.
It will become a standalone company operating under a new name and brand, with details to be announced in the coming months. Orsted will focus on its offshore business.
Ireland will continue to serve as the European onshore headquarters following completion of the transaction.
Kieran White, Senior Vice President of Europe Onshore at Orsted, said the business plans to accelerate growth under its new owners.
“With CIP as our new owner, we look forward to accelerating growth across our development pipeline, thereby strengthening our role in Europe’s onshore wind, solar, and battery markets. In the coming months, we’ll announce a new company name and brand. What will not change is our people, assets, projects, or ambition to deliver renewable energy at scale across Europe”
The European onshore business is present active in Ireland, the UK, Germany, and Spain and spans onshore wind, solar energy, and battery storage projects.
It comprises an operational capacity of 578?MW, a further 248?MW under construction, and a multigigawatt development pipeline. Separate to its European onshore business, Orsted continues to own and operate its onshore business in the US, which has been run as a stand-alone business unit since October 2025.
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