Orsted has agreed the sale of a 50 per cent stake in Hornsea Two - the huge project soon to emerge as the world’s largest offshore wind farm - for £3 billion.
French financial giants AXA IM Alts and Crédit Agricole Assurances have formed a consortium to take an equal share of the 1.3GW farm, located 89km off the East Yorkshire coast.
Orsted will retain operational control, with works carried out from Grimsby, where it has its East Coast Hub.
