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Announced

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Global Infrastructure Partners completed the acquisition of a 50% stake in Revolution Wind and South Fork Wind from Eversource Energy for $1.1bn.

Synopsis

Global Infrastructure Partners, a private equity firm, completed the acquisition of a 50% stake in offhore wind farms Revolution Wind and South Fork Wind from Eversource Energy, an energy company, for $1.1bn. "We have reached an important milestone today in our commitment as a pure-play regulated pipes and wires utility that delivers superior service and value to our customers. We are proud of the role we have played to advance offshore wind projects, and we will continue to be a leader in employing our transmission expertise to conduct onshore work that supports the clean energy transition and enables the continued development of renewable resources for our region," Joe Nolan, Eversource Chairman, President and CEO.

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