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News  ›  GlobeNewswire Inc.

Apollo Funds Commit $6.5 Billion to Ørsted’s Hornsea 3 in the UK

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Apollo
Apollo Funds Commit $6.5 Billion to Ørsted’s Hornsea 3 in the UK

Apollo-managed funds will invest $6.5 billion for a 50% stake in Ørsted's Hornsea 3, the world's largest offshore wind project in the North Sea, with a 2.9GW capacity to power over 3 million UK households.

Insights
MARA   neutral

Estimated ~$245 million annualized cash operating profits, indicating stable performance


APO   positive

Expanding infrastructure portfolio with significant investment in renewable energy project