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Ørsted has completed the sale of a 50% stake in its 2.9 GW Hornsea 3 offshore wind project to Apollo for approximately $6.1 billion. This strategic move aims to strengthen Ørsted's capital structure while allowing the company to maintain operational control over the project, which is expected to power over three million U.K. homes and contribute to the world's largest offshore wind zone alongside Hornsea 1 and 2.