FinancingClosedJanuary 2, 2026

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. Orsted 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

Wind

Technology

NY

Location

Deal Details

Deal Type
Equity Raise (Offshore Wind)
Seller / Sponsor
Ørsted
Buyer / Financier
BNP Paribas, Danske Bank, J.P. Morgan
Deal Value
~$6.3B (DKK 40B project cost)
Stage
Construction (45% complete)
ISO/RTO
NYISO
Source
Ørsted

Finance Counterparties

Lenders & Capital Providers

Lead Arranger
BNP Paribas, Danske Bank, J.P. Morgan

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