• Copenhagen Infrastructure Partners will acquire Ørsted’s European onshore renewables business for €1.44 billion ($1.7 billion), adding more than 800 MW of operating and under-construction assets plus a multi-gigawatt development pipeline across four core European markets.
• The transaction expands CI V into a fully integrated onshore platform spanning onshore wind, solar, and battery energy storage, positioning the fund to capture rising power demand amid tightening European energy security policy.
• Ørsted completes a full exit from European onshore renewables, strengthening its balance sheet and refocusing capital and execution on offshore wind ahead of expected financial close in Q2 2026.

Copenhagen Infrastructure Partners has agreed to acquire Ørsted’s European onshore renewables business, transferring a portfolio of more than 800 MW of operating and under-construction capacity alongside a multi-gigawatt development pipeline across Ireland, the United Kingdom, Germany, and Spain. The transaction is being executed through Copenhagen Infrastructure V, the firm’s fifth flagship fund, and represents one of the most substantial recent reallocations of onshore renewable assets in Europe.

The acquisition folds an established onshore platform directly into CI V, giving the fund operational scale across onshore wind, solar, and battery energy storage systems. For CIP, the deal moves beyond passive ownership into full platform control, with development, construction, and operational capabilities now embedded across multiple technologies and jurisdictions.

Scaling Onshore Renewables Across Core European Markets

The assets span some of Europe’s most competitive and policy-driven power markets, where electrification, data centre growth, and industrial decarbonisation are driving sustained demand for new capacity. By integrating Ørsted’s onshore teams and pipeline, CIP positions CI V to accelerate deployment without the long lead times associated with building platforms organically.

Mads Skovgaard-Andersen, CIO and Partner in Copenhagen Infrastructure Partners, said:
“With this significant acquisition across multiple markets and technologies, we further strengthen our presence in Europe. The combined onshore wind, solar, and BESS portfolio complements our existing project portfolio and gives us the scale to further accelerate the deployment of renewable energy and strengthen Europe’s energy independence while delivering strong, risk-adjusted returns to our investors.”

The emphasis on energy independence is not incidental. European governments continue to treat domestic renewable generation as a strategic priority following years of price volatility and geopolitical disruption. Platforms capable of delivering projects across borders and technologies are increasingly favoured by policymakers, utilities, and large corporate offtakers seeking long-term power purchase agreements.

CI V Strategy and Investor Implications

For CI V, the transaction significantly expands exposure to onshore renewables at a time when infrastructure investors are reassessing risk, duration, and return profiles. Onshore wind, solar, and storage offer shorter construction timelines and clearer revenue pathways compared to offshore megaprojects, while still aligning with national climate targets.

Nischal Agarwal, Partner in Copenhagen Infrastructure Partners, said:
“This is a great opportunity for CI V to acquire a sizeable portfolio and pipeline of projects across technologies in Europe’s most attractive markets with very strong demand growth. Along with a trusted team with a track record of delivering and operating projects, we are well positioned to further develop, manage, and realise the full value potential of the platform.”

For institutional investors backing CI V, the deal reinforces CIP’s strategy of pairing industrial execution with disciplined capital deployment. Control over development pipelines also improves flexibility around timing, financing structures, and offtake strategies as power markets evolve.

RELATED ARTICLE: Copenhagen Infrastructure Partners Raises Record €12 Billion for Energy Transition Infrastructure Fund

Ørsted Sharpens Strategic Focus

For Ørsted, the divestment completes a strategic retreat from European onshore renewables as the company concentrates capital and management attention on offshore wind in its core markets. The sale concludes a broader divestment programme aimed at strengthening the balance sheet after a period of heavy investment and market pressure across the offshore sector.

Trond Westlie, CFO of Ørsted, said:
“Ørsted’s European onshore business has developed a very solid pipeline and project portfolio, and I’m very satisfied that we’ve found a new owner of that business in CIP, as we’ve decided to concentrate our efforts on offshore wind in our core European markets. The divestment of our European onshore platform finalises the divestment programme that we’ve laid out, and we’ve now substantially strengthened Ørsted’s financial position.”

Broader Significance for Europe’s Energy Transition

The transaction highlights a broader reshaping of Europe’s renewable ownership landscape, with specialist infrastructure funds increasingly acquiring mature platforms from integrated energy companies. As capital requirements grow and policy expectations tighten, scale and focus are becoming decisive advantages.

By transferring a diversified onshore portfolio to a fund structured for long-term infrastructure ownership, the deal supports continued build-out of renewables aligned with European climate and energy security objectives. For executives and investors, it underscores how portfolio rotation, rather than retreat, is shaping the next phase of Europe’s clean energy transition.

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