Danish clean energy company Ørsted A/S (<a href="https://www.nasdaq.com/european-market-activity" target="_blank">CPH:ORSTED</a>) has reached a DKK-11.6-billion (USD 1.64bn/EUR 1.56bn) deal to sell a 50% stake in a 583-MW offshore wind project in Taiwan to an affiliate of local insurance company Cathay Life Insurance.