Danish offshore wind leader Orsted and Eversource have agreed to a 50-50 partnership for key offshore wind assets in the Northeast. The Feb. 8 Eversource announcement states the utility is paying $225 million for half of Orsted’s 700-MW Revolution Wind and 130-MW South Fork Wind projects, and for the 257-square-mile tract off the coasts of Massachusetts and Rhode Island, assets Orsted acquired when it bought Deepwater Wind in November. This advances the companies’ Bay State Wind partnership, a 50-50 collaboration on a separate 300-square-mile ocean tract adjacent to Deepwater Wind. Eversource has also completed 17 solar projects in Massachusetts with two more expected to go online later this year.
Eversource and Orsted Build Out Offshore Wind Partnership
50-50 Deal Secures Parcels Off New England Coast
February 12, 2019