Following the transaction with Brookfield, Ørsted will retain a 37.55 per cent ownership interest in the four offshore wind farms, in which the developer owns 50 per cent with the other 50 per cent owned by partners (Hornsea 1 by Jupiter Offshore Wind, Hornsea 2 by a consortium comprising AXA IM Alts and Crédit Agricole Assurances, Walney Extension by AIP Management and PFA, and Burbo Bank Extension by LEGO (Kirkbi) and Greencoat).
Ørsted said it would continue to exercise a similar level of control and governance as before the transaction and would also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements.
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