Eversource Energy has completed its sale to Ørsted of an uncommitted lease area of about 175,000 developable acres 25 miles off the south coast of Massachusetts for $625 million in an all-cash transaction.
“Eversource is fully committed to being a catalyst to the region’s clean energy transition, with our regulated companies procuring power from offshore wind as well as building many of the facilities that will enable more than 9,000 megawatts of offshore wind generation to reach the homes and businesses of Southern New England,” said Joe Nolan, Eversource’s president, CEO, and chairman. “We share the same goals as the states in which we operate when it comes to building the clean energy delivery systems of the future. With Ørsted as the 100 percent owner of this lease area, we are confident it will play a critical role in decarbonizing the generation mix of southern New England and New York.”
Eversource and Ørsted today also have announced the execution