Everyone at Gateway is excited to be part of the team that will transform State Pier from an underutilized asset into an economic engine driving the growth of a major new industry based right here in New London. Ørsted, a world leader in clean energy and Eversource, New England’s largest energy company, have formed a joint venture to invest billions of dollars in offshore wind project development with major operations taking place at State Pier in New London. To make this opportunity a reality, substantial infrastructure deficiencies at State Pier will need to be addressed at an estimated cost of $93 million. Fortunately, Ørsted and Eversource have committed to paying more than 60 percent – $57.5 million – of the cost of these upgrades, with the State of Connecticut funding the remaining $35.5 million.
https://www.theday.com/article/20191006/OP03/191009675