- Sunrise Wind is a 924MW offshore wind farm which would deliver power to New York.
- If awarded in the New York 4 solicitation, Sunrise Wind will help New York reach 70 per cent renewable energy by 2030.
Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 per cent 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 and the signing of an OREC (Offshore Wind Renewable Energy Certificates) contract with the New York State Energy Research and Development Authority (NYSERDA).
The acquisition is also subject to the finalisation of acquisition agreements, receipt of construction and operations plan (COP), and relevant regulatory approvals current solicitation. Ørsted aims to complete the project by 2026, which will help New York reach 70 per cent renewable energy by 2030. The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labour agreements to commence construction shortly after the award.
David Hardy, Group Executive Vice President and CEO of Region Americas at Ørsted, says, “Following a thorough risk review of our US portfolio, we’re comfortable taking full ownership of Sunrise Wind if they get the award of the project in New York 4. This transaction is a value-accretive opportunity for Ørsted and the best path forward for the project. Sunrise Wind will be our third offshore wind farm off the Northeast coast, following South Fork and Revolution Wind, which is already under construction. The Northeast is an increasing priority for Ørsted, including these projects, port assets, a trained workforce, and supply chain partners.”