Ørsted to acquire Eversource's shares of uncontracted offshore wind seabed

Wind Industry Profile of

Ørsted to fully own seabed with up to 4 GW of capacity and fully own strategic O&M contracts. Acquisition further strengthens Ørsted’s offshore wind energy position in the US Northeast.

Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational assets in the US Northeast.  The USD 625 million agreement further strengthens Ørsted’s leading position in US offshore wind energy and demonstrates the company’s commitment to building an American offshore wind industry, including a... ... More: Official Press Release Ørsted

Keywords:

Ørsted, Eversource, capacity, O&M, seabed, offshore, federal, agreement, development, wind lease area, acquisition, portfolio