# Ørsted acquires Deepwater Wind for $510M

Ørsted has entered into an agreement to acquire a 100% equity interest in Deepwater Wind for $510 million, creating a leading US offshore wind platform.

- Type: Acquisition
- Announced: 2018-10-01
- Where: United States
- Value: $510.0M
- Status: announced
- Products: offshore wind energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Orsted](https://endata.com/companies/2826.md) (acquirer)
- [Deepwater Wind](https://endata.com/companies/34640.md) (target)
- [D.E. Shaw Group](https://endata.com/companies/34641.md) (partner)

## Sources

- [orsted.com](https://orsted.com/en/company-announcement-list/2018/10/1819975), 2018-10-01: "Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind at a purchase price of USD 510 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.