Ørsted completed the acquisition of a 50% stake in Sunrise Wind from Eversource Energy.

Ørsted, a provider of utility services, completed the acquisition of a 50% stake in Sunrise Wind, a 924 MW offshore wind farm, from Eversource Energy, an energy delivery company. Financial terms were not disclosed. “Following a thorough risk review of our US portfolio, we’re comfortable with taking full ownership of Sunrise Wind if the project is awarded in New York 4. This transaction is a value-accretive opportunity for Ørsted and the best path forward for the project. Sunrise Wind will be our third offshore wind farm off the northeast coast, following South Fork and Revolution Wind, which are already under construction. The northeast is an increasing priority for Ørsted, including these projects, port assets, a trained workforce, and supply chain partners. We’re building a future offshore wind hub that is strategic for Sunrise Wind, if awarded, as well as for upcoming solicitations in the region, helping us to differentiate and de-risk potential future bids and projects,” David Hardy, Ørsted CEO.