Ørsted Divests Share of Four US Onshore Wind Farms to Stonepeak

The value of the transaction is approximately $300 million. Going forward, Stonepeak will receive 80% of the cash distributions associated with the projects, while Ørsted will continue to operate the portfolio of assets.

The Vinson & Elkins corporate team was led by partners Matt Falcone and Eamon Nolan, with assistance from senior associate Charlie Fitzpatrick and associates Zach Parker, Rammy Allouche, Hunter Albritton and Cole Leveque. Other key team members include partner Aaron Prince, counsel Trevor Shelton, senior associates Anastasia Arsenio, Rimal Kacem and Maria Rezende Borges and associates Ryan Bullard, Helena Zhang, Brian Broussard and Vestita Zumot; partners David Peck and Lauren Collins, counsel Peter Rogers and associates Viki Vozarova and Katie Dillard; counsel Ken Adler and associates Travis Corbin and Molly Ellisor; partner Dave Wicklund, counsel Zach Banks and associate Garrett Tidsworth; partner Matt Dobbins and associate Ryan Vanderlip; partner John Decker, senior associate Andrew DeVore and associate Reagan Lutter; and partner Hill Wellford, counsel Evan Miller and associate Adam Thomas.