Ørsted to acquire Eversource's shares of uncontracted offshore wind seabed

Image: ØrstedImage: Ørsted
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.

Official Press Release Ørsted:

Ørsted to acquire Eversource share of uncontracted offshore wind seabed

Wind Industry Profile of
Ørsted to acquire Eversource share of uncontracted offshore wind seabed

Ørsted to fully own seabed with up to 4 GW of capacity and fully own strategic O&M contracts. Acquisition further strengthens Ørsted’s offshore wind energy position in the US Northeast.

Ørsted has signed an agreement to acquire Eversource Energy’s 50 % interest in the uncontracted federal offshore wind lease area currently owned jointly by the two companies. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational assets in the US Northeast.  The USD 625 million agreement further strengthens Ørsted’s leading position in US offshore wind energy and demonstrates the company’s commitment to building an American offshore wind industry, including a... ... More: Official Press Release Ørsted

Ørsted, Eversource, capacity, O&M, seabed, offshore, federal, agreement, development, wind lease area, acquisition, portfolio

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