Sunrise Wind — 924 MW offshore wind, 84 turbines off New York + DKK 60B rights issue
Sunrise Wind 924 MW offshore wind project, 84 Siemens Gamesa 11 MW turbines, 15-30 miles SE of Long Island. Ørsted funded via DKK 60B (~$9.4B) rights issue — ~DKK 40B ($6.3B) for Sunrise Wind construction, ~DKK 20B for capital structure. Rights issue oversubscribed at DKK 59.6B. Non-recourse project finance was not secured, so funded on balance sheet.
$6.30B
Deal Value
924MW
Capacity
Offshore Wind
Technology
NY
Location
Deal Details
Capital Structure
$6.30B
Total transaction value
Tranches
- Equity - Orsted rights issue proceeds allocated to Sunrise Wind · Orsted A/S (existing shareholders)
- $6.30B
Finance Counterparties
Lenders & Capital Providers
- Lead Arranger
- BNP Paribas, Danske Bank, J.P. Morgan
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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