Ørsted acquired 50% share of 924 MW offshore wind farm in USA

Ørsted has acquired Eversource’s 50% share of Sunrise Wind, a 924 MW offshore wind farm on the USA coast.

The project involves a 924 MW offshore wind project located approximately 48 km east of Montauk, New York, USA. Once operational the wind farm will generate enough energy to power nearly 600,000 homes with 100% renewable energy and help New York build a carbon-free electric grid by 2040.

The purchase price at closing to acquire Eversource’s share of Sunrise Wind is USD 152 million. With the closing of the transaction, Ørsted has assumed full ownership of the project, which has all federal permits in place and recently signed an OREC (offshore wind renewable energy certificates) contract with New York’s energy agency, NYSERDA at USD 146 per MWh for 25 years. The final investment decision for the project was taken in March this year.