2019-04-21
http://w3.windfair.net/wind-energy/news/30699-orsted-eversource-partnership-usa-offshore-wind-assets-wind-farm-planning-deepwater-wind-revolution-wind-south-fork-wind

News Release from Ørsted (Orsted)

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Wind Industry Profile of


Ørsted and Eversource Enter 50-50 Partnership for Offshore Wind Assets in the U.S.

Eversource is paying approximately $225 million USD for a 50 percent interest in Ørsted’s Revolution Wind and South Fork Wind Farm projects, as well as the 257-square-mile tract off the coasts of Massachusetts and Rhode Island. Ørsted acquired all three assets in November 2018 as part of its Deepwater Wind transaction.

Image: ØrstedImage: Ørsted

Previously, the two companies have already entered the Bay State Wind partnership, which is a 50-50 collaboration on a separate 300-square-mile ocean tract adjacent to the Deepwater Wind area.

“We are excited to have Eversource join us as we embark on the creation of the strongest U.S. offshore wind platform,” said CEO of Ørsted U.S. Offshore Wind and President of Ørsted North America Thomas Brostrøm. “With their expansive knowledge of the energy market throughout the region, and by building on both company’s community outreach programs, we are on track to ensure that the Northeast will be the North American hub for offshore wind energy.”

“Offshore wind will provide a growing and critical source of zero-carbon energy in a region with very aggressive carbon reduction and renewable energy goals,” said Eversource Executive Vice President for Enterprise Energy Strategy and Business Development Lee Olivier. “This transaction solidifies our partnership as the strongest developer of offshore wind in the Northeast and is consistent with Eversource’s efforts to be a key catalyst for clean energy development in our region.” 

Source:
Ørsted
Author:
Press Office
Keywords:
Ørsted, Eversource, partnership, USA, offshore, wind assets, wind farm, planning, Deepwater Wind, Revolution Wind, South Fork Wind



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