Danish company Orsted agrees to buy CT Eversource’s stake in Sunrise Wind off shore project

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 officials said the deal is contingent on New York State’s ongoing solicitation of offshore wind capacity and the signing of a contract with state officials. If that does not occur, the Eversource-Ørsted joint venture for Sunrise Wind will remain in place and the two partners will reassess their position. If Sunrise Wind is awarded the wind power supply contract under New York State’s current bid, the project is expected to be finished in 2026. Ørsted operates the first wind farm built in the United States, which started operating off the coast of Block Island at the end of 2016. Eversource is Connecticut’s largest electric distribution company, and also has customers in Massachusetts and New Hampshire.

https://www.sfgate.com/business/article/ct-eversource-sunrise-wind-orstede-18626415.php

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