Orsted has completed the acquisition of Eversource’s 50 percent stake in Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York, for $152 million against the previous disclosed amount of $230 million.
The revision in closing figure reflects adjustments made due to lower actual versus forecast Capex spend between signing and closing. Orsted has won the Sunrise Wind project in the New York 4 solicitation for offshore wind capacity.
Orsted has full ownership of the project, which has all federal permits in place. Orsted recently signed an OREC (offshore wind renewable energy certificates) contract with New York’s energy agency, NYSERDA at $146 per MWh for 25 years.
David Hardy, CEO of Region Americas at Orsted, said: “Sunrise Wind has been significantly de-risked and achieved important milestones since we agreed with Eversource to buy their share. The transaction is a value-accretive opportunity for Orsted as we continue to develop the project.”
GreentechLead.com News Desk