Powering Millions With Offshore Wind
Hornsea 3 is Ørsted’s third project in the Hornsea zone, following two earlier installations in the North Sea. Once operational, it will generate low-cost renewable energy for more than three million U.K. households, strengthening the region’s energy independence and cutting reliance on fossil fuels.
“This deal delivers a scaled and comprehensive solution for infrastructure that will promote energy security,” said Adam Petrie, a partner at Apollo Infrastructure. Ørsted echoed that sentiment, emphasizing that Apollo brings “infrastructure expertise and scaled capital” at a crucial time for the company.
Ørsted Battles U.S. Policy Headwinds
The investment comes amid turbulent times for Ørsted, which has faced regulatory setbacks in the U.S. after the Biden administration halted new offshore wind approvals pending a sweeping federal review. The freeze has delayed several of Ørsted’s American ventures, including the Sunrise Wind Farm off New York and Revolution Wind near Rhode Island.
Ørsted has since filed a lawsuit against the U.S. government, arguing that the stop-work order lacks legal foundation. The dispute has left the company vulnerable, pushing it to divest assets like Hornsea 3 to stabilize its balance sheet.
