Eversource Starts Shedding Offshore Wind Interests With 625 Million

Eversource Starts Shedding Offshore Wind Interests With 625ођ The usd 625 million agreement strengthens Ørsted’s position in us offshore wind energy, according to the danish developer. the lease area, identified as lease area ocs a 500 (lease 500), contains approximately 187,000 acres of uncontracted seabed for offshore wind energy and has a potential capacity of up to 4 gw. Eversource energy has agreed to sell its 50 percent interest in an offshore wind lease area off the massachusetts coast to Ørsted for $625 million. contacts investor: jeffrey r. kotkin (860) 665 5154.

юааeversourceюаб юааstartsюаб Exiting Us юааoffshoreюаб юааwindюаб Projects It Owns With шrsted May 25 (reuters) eversource energy (es.n) on thursday agreed to sell its 50% stake in a wind development site off the south coast of massachusetts to joint venture partner Ørsted for $625. In may 2023, eversource announced that it would sell its 50 percent interest in approximately 175,000 of developable but uncommitted offshore acres to Ørsted for $625 million. that transaction. Eversource in 2023 also sold its 50 percent interest in an uncommitted offshore lease to Ørsted. they received $625 million for the interest in the 175,000 acre site which could be developed into. According to eversource, the details of this transaction will be announced soon. eversource will use a portion of the proceeds from the lease area sale to provide its anticipated tax equity investment for the 132 mw south fork wind. the contribution for eversource’s new tax equity member interest is expected to be approximately usd 545 million.