Ørsted has closed its acquisition of Eversource’s 50% share of the 924MW Sunrise Wind project off New York for $152 million. It now owns 100% of the project.
The Danish developer had valued the transaction at a significantly higher $230 million when it signed the deal in January, it noted.
“This revised closing figure reflects adjustments made due to lower actual versus forecast Capex spend between signing and closing,” Ørsted stated.
“Sunrise Wind has been significantly derisked and achieved important milestones since we agreed with Eversource to buy their share,” said David Hardy, executive vice president and CEO of the Americas at Ørsted.
“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,” he added.
Ørsted secured a power deal worth $146/MWh for 25 years in New York’s latest offshore wind tender.
The final investment decision for the project was taken in March. All federal permits are in place.
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