EnergyWatch

Ørsted divests offshore wind worth USD 225 in the US

The utility has made its first divestment in the US, where a US partner has acquired a majority stake in former Deepwater Wind projects.

Photo: Ørsted

Ørsted is expanding its collaboration with utility Eversource. The Danish utility is thus divesting half of its projects in North Eastern US for USD 225 million, informs Ørsted Friday.

It concerns half of the Revolution Wind project at 704 MW, the South Fork project at 130 MW as well as two undeveloped projects named Massachusetts South and North, whose potential have previously been estimated at 1.3 GW. All the projects stem from Ørsted's acquisition of US developer Deepwater Wind last year.

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