According to OffshoreWIND.biz, Ørsted plans to acquire the remaining 49.9% stake in Gunfleet Sands 1 & 2, with completion expected in November 2026. The UK offshore wind farm has 48 turbines and 172 MW of capacity and was fully commissioned in April 2010.
MetalMate summary of the linked evidenceCommercial context
Full ownership could simplify Ørsted’s management of the asset and its assessment of future investment options. For steel-market participants, the relevant potential opportunity would be any maintenance or asset-life work arising from those decisions; however, no lifetime extension has been approved or committed.
MetalMate analysis- Announced transaction value: approximately £15 million, or nearly €18 million, according to OffshoreWIND.biz.
- Ørsted’s ownership would increase from 50.1% to 100% upon completion.
- Completion is expected in November 2026 and is subject to customary conditions.
- Gunfleet Sands 1 & 2 comprises 48 turbines with total capacity of 172 MW.
- The wind farm was fully commissioned in April 2010.
Watch for transaction completion and any subsequent Ørsted decision on a lifetime extension. The extension is currently only a potential option, so no associated steel requirement can yet be inferred.
Source & methodology +
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- Article status
- Published · Version 1
- Source date
- 12 October 2026
- MetalMate publication
- 13 October 2026
- Verification
- Automated evidence checks; not human reviewed
Ørsted to Buy Back Remaining Stake in Gunfleet Sands Offshore Wind Farm — OffshoreWIND.biz
MetalMate provides an English summary; consult the original wording.