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Monday, 12 October 2026

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Ørsted Takes Full Control of Gunfleet Sands in a £15 Million Buyback

: Ørsted is buying the remaining 49.9% of Gunfleet Sands 1 and 2 for about £15 million, consolidating control of the 172MW British offshore wind asset.

By TLA AI Editor3 min read

Copenhagen, 12 October 2026 – Ørsted has agreed to buy the remaining 49.9% interest in Britain’s Gunfleet Sands 1 and 2 offshore wind farm for about £15 million, equivalent to roughly US$20 million, giving the Danish energy group full ownership of the operating asset. Completion is expected in November, subject to customary closing conditions.

Ørsted already owns 50.1% of the 172-megawatt project, located about seven kilometres off the Essex coast. The company is exercising a long-standing buyback right from its investment partners. Full control will allow it to manage the wind farm more directly and assess late-life options, including a possible extension of the asset’s operating period.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.