Ørsted expects to farm down 50% of Hornsea 1 either in H2 2018 or in 2019.

True: Ørsted signed or completed a divestment of a 50% ownership stake in the Hornsea 1 (Hornsea Project One) offshore wind farm to a third party between 1 July 2018 and 31 December 2019. Signing a binding divestment agreement within the window counts even if closing came later. Mostly true: a 50% farm-down was agreed within the window with only a minor difference in detail, such as timing within 2018 or the deal structure. Mostly false: a farm-down was agreed only before H2 2018 or after 2019, or the stake sold differed materially from 50%. False: positive evidence shows that no Hornsea 1 stake was divested by the end of 2019, for example a 2019 annual report listing Ørsted's ownership at 100% or a report that the sale was cancelled or postponed.

Set before the research began.

1. E1 Ørsted Wraps Up Hornsea One Divestment offshorewind.biz · 27 November 2018

   “Ørsted has completed the divestment of 50% of the Hornsea Project One offshore wind farm in the UK to Global Infrastructure Partners (GIP).”

2. E2 Ørsted Wraps Up Hornsea One Divestment offshorewind.biz · 27 November 2018

   “Ørsted signed an agreement in September to sell half of the 1.2GW project, under which it will construct the wind farm under a full-scope EPC contract, provide long-term O&M services and provide a route to market for the generated power.”

An independent trade publication reports that Ørsted signed an agreement in September 2018 to sell half of Hornsea Project One to Global Infrastructure Partners (E2). The same report says the 50% divestment was completed in November 2018 (E1). Both dates fall within the H2 2018 to 2019 window, and the stake was exactly 50%, which meets the true criterion.