Stonepeak Buys Equity Stake in Ørsted US Onshore Wind Portfolio for $300M
March 15, 2024
Stonepeak has agreed to acquire an equity ownership stake in a portfolio of four US onshore wind farms from Ørsted for about $300 million. The portfolio (957 MW) includes Ford Ridge (Illinois), Helena and Western Trail (Texas), and Sunflower (Kansas); Ørsted will continue to operate the projects and retains certain long‑term optionality, while Stonepeak will receive 80% of cash distributions.
- Buyers
- Stonepeak
- Targets
- Portfolio of four US onshore wind farms (Ford Ridge Wind, Helena Wind, Western Trail Wind, Sunflower Wind)
- Sellers
- Ørsted
- Industry
- Renewable Energy
- Location
- United States
- Transaction Type
- Divestiture
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