Ørsted has signed an agreement with Eversource Energy to acquire its 50% stake in the uncontracted federal offshore wind lease area for US$625 million, thus securing the strengthening of its position in the US offshore wind energy sector. The agreement will give full ownership of key operational assets in the US Northeast to Ørsted, including partnerships with the Port of Providence, the Port of Davisville, Quonset Point, and New London State Pier. Additionally, Ørsted will take control of the operations and maintenance hub in East Setauket, New York, and the charter agreement for the first American-built offshore wind service operation vessel, currently under construction in Louisiana.
Lease Area OCS-A 500 (Lease 500), which is co-owned by Ørsted and Eversource Energy, contains uncontracted seabed territory for offshore wind energy development that has a potential capacity of up to 4 GW.
The transaction is still subject to regulatory review and customary closing conditions but is expected to conclude by Q3 of 2023.
Scout Clean Energy, and its joint venture partner, Elawan Energy, have completed the sale of the 199 MW Persimmon Creek Wind Farm to Evergy, Inc. The wind farm is located in western Oklahoma, USA, and...
Read moreToyota Motor North America Inc. has signed a power purchase agreement with Savion for the 100 MW of electricity to be generated by Martin County Solar Project in kentucky, USA.
Read moreSUSI Partners, through its main equity fund, has acquired a controlling equity stake in Encore Renewable Energy, a US-based developer and operator of utility-scale solar and battery storage assets. Th...
Read moreThe US Bureau of Ocean Energy Management (BOEM) has completed its environmental analysis of Orsted and PSEG's 1.1 GW Ocean Wind 1 wind project off the coast of New Jersey, USA. The final Environmenta...
Read morerPlus Energies has been awarded a long-term power purchase agreement (PPA) with Idaho Power for a new 200 MW solar facility in Ada County, Idaho, USA. The project, named Pleasant Valley Solar, is...
Read more