Cathay Life acquires 50% stake in Ørsted’s Greater Changhua 4 wind farm
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,…