Ørsted selected as preferred bidder for offshore wind farm in Connecticut
Following a highly competitive solicitation process, Connecticut’s Department of Energy and Environmental Protection has selected Ørsted’s Revolution Wind project to move forward to negotiate a fixed-price power purchase agreement (PPA) with the state’s power distribution companies for 0.42TWh (terawatt hours) per year equivalent to 100MW offshore wind capacity.
Subject to contract signing and Ørsted’s final investment decision, construction is expected to start in 2022, and the wind farm is expected to be commissioned in 2023.
With the 100MW added capacity, Revolution Wind has now secured a total of 700MW offshore wind capacity, including previously awarded projects in Rhode Island and Connecticut, which Ørsted will build as one joint project and thus unlock significant procurement, construction and operational synergies. In addition, Ørsted will build the adjacent 130MW South Fork project at the same time as Revolution Wind which enables further synergies.
Revolution Wind is part of the Deepwater Wind portfolio which Ørsted acquired in October 2018. Deepwater Wind proposed the 100MW Revolution Wind project prior to the company’s acquisition.
Country updates
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BP divests three wind projects in US
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