By City & Finance,Editor

Copyright dailymail

One of Britain’s biggest windfarms has become the target of US private equity.

Danish energy giant Orsted, the world’s largest offshore windfarm developer, is said to be in talks to sell a 50 per cent stake in its Hornsea 3 project to Apollo.

Orsted, whose 12 wind farms in Britain generate 7 per cent of the country’s electricity, is attempting to shore up its balance sheet as it struggles in the face of higher costs, light winds and opposition to renewable energy from Donald Trump. Its shares are down 36 per cent this year in Copenhagen.

Orsted installed two projects – Hornsea 1 and 2 – in 2020 and 2022, and is developing Hornsea 3. It has called off Hornsea 4.

The company blamed higher interest rates and supply chain costs for its decision to abandon the North Sea project in July.

Trump has long been a critic of wind energy and has tried to block Orsted developments in the US. Orsted wants to raise about £7billion through a rights issue.