Deepwater Wind to be acquired for $510M

Chris Bergenheim

10/08/2018

DEEPWATER WIND will be sold to a danish wind-energy company for $510 million. / COURTESY DEEPWATER WIND — DEEPWATER WIND will be sold to a Danish wind-energy company for $510 million. / COURTESY DEEPWATER WIND

PROVIDENCE - Deepwater Wind LLC will be acquired by the Danish company Ørsted for $510 million, the two companies announced Monday. Ørsted has entered into an agreement with the New York City-based, investment management firm D.E. Shaw Group to acquire a 100 percent equity interest in the Rhode Island-based wind energy company. The deal is…