Green energy developer Ørsted will not have any operations in France as it has agreed to sell Ostwind France to Engie. The company is selling Ostwind International, Ostwind Engineering and its units covering the company’s onshore wind and solar business in France. The transaction is expected to close in the second quarter of 2024.

“As part of our updated business plan, we revised our build-out ambitions towards 2030 with an emphasis on where we believe we can realise the most value for Ørsted. Building on this plan, we’ve decided to concentrate our efforts on the UK, Irish, German, and Spanish markets for onshore wind and solar, in Europe. In this light, I’m very pleased that we’ve found a good future owner of Ostwind France in ENGIE,” Kieran White, Senior Vice President and Head of Onshore in Region Europe at Ørsted, said.

The Ostwind France business has been developing renewable projects for more than 20 years. It has 54 MW in operation and a further 24 MW of wind projects under construction. In addition, Ostwind France is continuing to advance a wider pipeline of projects.

Ørsted acquired Ostwind France in 2022 as part of the acquisition of the French and German onshore platform from Ostwind AG. The German part of the Ostwind transaction has been integrated fully into Ørsted and will remain a focus of Ørsted’s European onshore wind and solar investments. Ørsted’s German onshore wind business has successfully advanced a number of projects towards final investment decision and continues to develop an attractive pipeline of onshore wind and solar PV projects.