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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