Wind power giant Ørsted "cuts off an arm to survive": sells half of the "world's largest offshore wind farm" to private equity giant Apollo for $6.5 billion.
To address rising costs and mounting political pressure, the world’s largest offshore wind developer, Ørsted, officially announced on Monday that it has agreed to sell a 50% stake in its flagship project—the Hornsea 3 offshore wind farm in the UK—for $6.5 billion to private equity giant