Further to Ørsted's announcement from January 2024, and following the successful award of Sunrise Wind in the New York 4 solicitation for offshore wind capacity, Ørsted has now completed the acquisition of Eversource’s 50% share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York.
The purchase price at closing to acquire Eversource’s share of Sunrise Wind is USD 152 million. At signing in January 2024, the transaction was valued at USD 230 million, and this revised closing figure reflects adjustments made due to lower actual versus forecast capital expenditure between signing and closing.
With the closing of the transaction, Ørsted has assumed full ownership of the project, which has all federal permits in place and recently signed an offshore wind renewable energy certificates (OREC) contract with New York’s energy agency, NYSERDA, at USD 146 per MWh for 25 years. The final investment decision for the project was taken in March this year.
