Apollo Infrastructure is investing $6.5bn to gain a 50% stake in Ørsted's Hornsea 3 UK offshore wind farm project.
The investment will help fund the project in the North Sea in a joint venture with energy firm Ørsted.
Ørsted will continue to construct the wind farm and provide long-term operations and maintenance services.
Apollo's investment marks a significant milestone in the development of the Hornsea 3 project.
Author's summary: Ørsted secures $6.5bn from Apollo for wind farm.