Ørsted completed its acquisition of Eversource’s 50% interest in the 924-MW Sunrise Wind project offshore New York, which was first announced in January.
The purchase price at closing was $152 million, lower than the initial transaction price due to a reduction in the anticipated capex for the project.
Ørsted has now assumed full ownership of the project, which has all federal permits in place, and the company recently signed an OREC (offshore wind renewable energy certificates) contract with New York’s NYSERDA energy agency at $146/MWh for 25 years.
