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COPENHAGEN - Denmark's Orsted said on Wednesday it had agreed to sell a 12.45% minority stake in four of its operational British offshore wind farms to Brookfield in a transaction worth 1.75 billion pounds ($2.28 billion).
"Today's transaction is an important milestone in the farm-down programme as part of our business plan, supporting our significant re-investment in new assets," Orsted CEO Mads Nipper said in a statement.
Orsted, the world's biggest offshore wind farm developer, in February trimmed its investment and capacity targets following a strategic review.
($1 = 0.7689 pounds)
(Reporting by Stine Jacobsen, editing by Terje Solsvik)