Officials with the Danish renewable energy company Ørsted said Wednesday they have signed an agreement to acquire the 50 percent ownership stake that Eversource Energy has in Sunrise Wind, an offshore wind farm designed to provide electricity to New York State. Ørsted’s deal with Eversource comes months after the Danish energy company stopped development on some U.S. offshore wind projects. The company announced in November it was stopping development on the 2,248-megawatt Ocean Wind 1 and 2 projects off the New Jersey coast because of supply chain delays and higher construction costs. News of the agreement also comes two weeks after Eversource officials announced they expect to write off as much as $1.6 billion against its 2023 fourth quarter earnings. The write-offs against earnings will come once Everource completes the sale of its ownership stake in Sunrise Wind and two other offshore power projects, South Fork Wind and Revolution Wind.
https://www.theday.com/state/20240127/danish-company-agrees-to-buy-eversources-stake-in-sunrise-wind-offshore-project/