Summary
- Orsted has agreed to acquire Deepwater Wind from private equity firm D.E. Shaw for $510 million.
- Deepwater has an operational offshore wind farm and several more in various stages of the regulatory permitting process.
- Orsted is a wind and bioenergy provider that sees significant U.S. growth prospects in the decades ahead for offshore wind energy sources.
- Looking for a community to discuss ideas with? IPO Edge features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today ยป
Quick Take
Danish wind and bioenergy provider Orsted (OTCPK:DNNGY) has announced it has agreed to acquire Deepwater Wind for $510 million.
Deepwater Wind operates an offshore wind farm in the U.S.
DNNGY management believes the U.S. will be a strategically important adopter of offshore wind projects in the decades ahead.
