Linklaters, Paul, Weiss Slaughter and May advised on Apollo Infrastructure’s $6.5 billion investment in Ørsted’s Hornsea 3 world’s largest offshore wind farm project.
Hornsea 3 is currently the world’s largest offshore wind farm and will produce enough electricity to power more than 3 million UK homes, a significant step toward the UK’s energy transition agenda.
Linklaters has advised Apollo-managed funds on their agreement to invest in a 50% stake in Ørsted’s Hornsea 3, the world’s largest offshore wind project. Upon completion, the 2.9GW Hornsea 3 Offshore Wind Farm Project will generate enough low-cost, renewable electricity for more than 3 million UK households.
The Hornsea 3 transaction is subject to regulatory approvals and anticipated to close before year-end 2025. The Apollo-managed funds are expected to invest approximately $6.5 billion.
The Linklaters team was led by Energy & Infrastructure partners Richard Coar, Francesca Matthews and Subir Rajadhyaksha, Corporate Partners Thomas Ford and Henrietta White and Tax Partner Alexei Franks together with Counsel David Leeming, Tom Chappatte and Managing Associates Niamh Sheerin, Sebastian Witte, Anna Saenko, Rohan Dhariwal, Jane Jin and Hope Levy-Shepherd.
Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as lenders counsel in the transaction.
Slaughter & May advised Ørsted on its agreement to divest a 50% stake in Hornsea 3 to Apollo-managed funds investing c.$6.5 billion. Closing expected by the end of the year, subject to regulatory approvals. This landmark deal was led by Azadeh Nassiri, supported by Mike Corbett and Oliver Moir.
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