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Ørsted closes $152m buyout of 50% of Sunrise Wind

RICHARD HEAP

July 10, 2024

Ørsted has concluded the $152m acquisition of Eversource’s 50% stake in the 924MW US offshore wind project Sunrise Wind.

The closing of the deal means Ørsted has assumed full ownership of the project, which it took a final investment decision to build in March. The $152m deal value is well below the $230m announced in January 2024, which reflects changes to the project’s planned capital expenditure.

David Hardy, executive vice president and chief executive of region Americas at Ørsted, said: “As a centrepiece of New York’s clean energy economy, Sunrise Wind builds on our momentum from South Fork Wind, further expanding the local offshore wind supply chain and workforce. We thank Eversource for their years of partnership and ongoing support.”

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