Orsted, a Danish company, announced on Wednesday that it had agreed to sell to Taiwanese Cathay Life Insurance a 50% share in its Greater Changhua 4 off-shore wind farm for approximately 11.6 billion Danish crowns (1.64 billion dollars).
Orsted is building the 920 megawatt offshore wind farms Greater Changhua 2, 3 and 4. The company expects to complete the project by 2025.