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Orsted Offers Bonds as It Plans Wind Farm Expansion in the UK

  • Renewables company marketing three notes in sterling and euros
  • Deal comes as Europe’s energy crunch escalates ahead of winter
Orsted operates 13 offshore wind farms in the UK.

Orsted operates 13 offshore wind farms in the UK.

Source: Orsted AS 

Orsted AS has turned to Europe’s bond market for funding as it plans a big expansion of its offshore wind farms in the UK.

The Danish company is marketing at least 500 million pounds ($578 million) across two notes maturing in 12 and 20 years, alongside euro-denominated bonds due in 2031, according to a person familiar with the matter, who asked not to be identified as they aren’t authorized to speak publicly. The offering is the company’s second visit to the region’s debt market, and the first in sterling, this year.