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Evening Standard
Evening Standard
Business
Simon Hunt

French and Australian investors snap up UK gas and wind power assets for £7 billion

United Kingdom Australia Axa Crédit Agricole Macquarie Boris Johnson National Grid Yorkshire

The Hornsea Two development follows the completion of the Hornsea One wind farm project off the Yorkshire coast

(Picture: Hornsea One project)

International investors have struck deals worth £7 billion for UK’s energy infrastructure, as the government gears up to announce its energy security strategy.

Danish energy company Ørsted has sold a 50% stake in its proposed Hornsea 2 wind farm development to French finance businesses Crédit Agricole and Axa in a £3 billion deal.

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