Greater Changhua 4

Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings.  The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and an equal commitment to fund engineering, procurement, and construction (EPC) payments. The transaction, which has received regulatory approvals, is expected to close by the end of 2024. The 583MW Greater Changhua 4 wind…