\u00d8rsted has signed an agreement with Eversource to acquire Eversource\u2019s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York 4 solicitation for offshore wind capacity, signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with New York\u2019s energy agency, NYSERDA, entry into long-form acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals.<\/p>\n
If Sunrise Wind is not successful in the solicitation, the existing OREC contract for Sunrise Wind will be cancelled per the state\u2019s requirements, and \u00d8rsted\u2019s and Eversource\u2019s 50\/50 joint venture for Sunrise Wind will remain in place. In that scenario, the joint venture will evaluate its next steps. If the project is provisionally awarded, a new contract will be negotiated with NYSERDA under the updated terms of the current solicitation.\u00a0<\/span><\/p>\n As the most mature offshore wind project in New York\u2019s pipeline, Sunrise Wind is, if awarded in the New York 4 solicitation, expected to be completed in 2026, helping New York achieve its goal of reaching 70 percent renewable energy by 2030.\u00a0<\/span><\/p>\n The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labor agreements to commence construction shortly after award. Final federal permits are expected this summer.\u00a0<\/span><\/p>\n David Hardy, Executive Vice President and CEO of Region Americas at \u00d8rsted, says:\u00a0<\/span><\/p>\n \u201cFollowing a thorough risk review of our US portfolio, we\u2019re comfortable with taking full ownership of Sunrise Wind if the project is awarded in New York 4. This transaction is a value-accretive opportunity for \u00d8rsted and the best path forward for the project.<\/p>\n \u201cSunrise Wind will be our third offshore wind farm off the northeast coast, following South Fork and Revolution Wind, which are already under construction. The northeast is an increasing priority for \u00d8rsted, including these projects, port assets, a trained workforce, and supply chain partners. We\u2019re building a future offshore wind hub that is strategic for Sunrise Wind, if awarded, as well as for upcoming solicitations in the region, helping us to differentiate and de-risk potential future bids and projects.\u201d<\/p>\n The information provided in this announcement does not impact \u00d8rsted\u2019s previous financial guidance for the financial year of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":" \u00d8rsted has signed an agreement with Eversource to acquire Eversource\u2019s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power\u2026<\/p>\n","protected":false},"author":5,"featured_media":19348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","footnotes":"","_ms_company":[]},"categories":[7397],"tags":[60,7715,5971,5972],"class_list":["post-3589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-offshore-wind-energy","tag-featured","tag-ffshore-wind-farm","tag-orsted","tag-sunrise-wind"],"_links":{"self":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/comments?post=3589"}],"version-history":[{"count":1,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3589\/revisions"}],"predecessor-version":[{"id":18489,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3589\/revisions\/18489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/media\/19348"}],"wp:attachment":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/media?parent=3589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/categories?post=3589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/tags?post=3589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}