Ørsted has agreed to sell a 50% equity stake in its 2.9GW Hornsea 3 offshore wind farm in the UK to funds managed by Apollo Global Management (Apollo Funds). The deal, valued at approximately DKr39bn ($6.5bn), will see Apollo acquire 50% of the project and commit to funding for the remaining construction costs. Under the agreement, Apollo will pay around DKr20bn upon closing, and the remaining consideration as the project achieves specific construction milestones. This initial payment includes DKr10bn f ...