COPENHAGEN (Reuters) – Denmark’s Orsted said on Wednesday it would divest a 50% equity stake in three U.S. onshore projects to Energy Capital Partners for $572 million.
The farm-downs include two solar farms in Texas, knpwn as Mockingbird Solar and Sparta Solar, as well as Eleven Mile Solar Center, a battery storage project in Arizona, Orsted said in a statement.
The company will retain a 50% equity ownership interest in the three projects and will continue to operate the projects over their lifespan, it added.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
