Eversource, Ørsted Close Sunrise Wind Sale Offshore NY
Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
152MM
Description
Ørsted said on July 9 it has assumed full ownership of the 924-megawatt Sunrise Wind project offshore New York, after closing the sale with Eversource Energy.
Completion of the deal, announced in April, came after the successful award of Sunrise Wind in the New York 4 solicitation for offshore wind capacity. Eversource sold its 50% stake in the project to Ørsted for $152 million. The purchase price was down from the $230 million at signing in January due to adjustments reflecting lower actual capex than forecast capex between signing and closing, according to Ørsted.