(Automated translation by Reuters, please see disclaimer
(Updating statement details in paragraphs 1-2 and 7.)
Orsted ORSTED.CO has signed an agreement with Eversource Energy ES.N to acquire the entire US offshore wind farm Sunrise Wind, months after the Danish energy company halted the development of some offshore wind projects in the country.
The company did not provide financial details regarding Wednesday’s acquisition of Eversource’s 50% stake in Sunrise Wind, a 924 MW offshore wind farm that would provide electricity to New State. York.
Orsted, the world’s largest developer of offshore wind farms, halted development of two offshore wind projects in the United States last year and said writedowns related to those projects had exceeded $5 billion.
The 50-50 joint venture for Sunrise Wind will remain in place if permission is not granted.
Sunrise Wind, if awarded under the New York 4 RFP, is expected to be completed in 2026, with final federal approvals for the project expected this summer, Orsted said.
A new contract will be negotiated with NYSERDA if the project is provisionally awarded.
The acquisition has no impact on previous guidance for fiscal 2023, Orsted said.
Eversource said earlier this month that it intends to divest its 50% stake in the three wind projects it jointly operates with Orsted.
2024-01-24 23:17:19
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