Eversource acquire 26 acres to connect renewable energy

Eversource, targets a strategic 26-acre site in Mystic to interconnect renewable energy sources and strengthen the New England power grid.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Eversource, a key energy management player in New England, has finalized the acquisition of a 26-acre parcel on the Mystic property from Constellation Energy. This strategic site is set to become a hub for renewable energy interconnection, offering solutions to the growing challenges of energy transition and grid reliability in the region.

Massachusetts, already a leader in the energy transition, seeks to capitalize on this acquisition by developing infrastructure adapted to various energy sources. The primary goal is to integrate technologies such as onshore and offshore wind energy, hydropower, battery storage, and other low-carbon resources into the existing grid. This initiative aligns with the state’s decarbonization and electrification goals while ensuring continuity of energy service for consumers and major industrial users.

A Strategic Challenge for the Grid

The project also addresses the growing demand for grid optimization in the face of anticipated congestion. The existing infrastructure on the Mystic site offers a unique potential to reduce congestion and improve energy flow management in the region. By working closely with local stakeholders, Massachusetts aims to identify solutions to maximize efficiency and renewable energy integration into the grid.

Eversource is committed to a collaborative approach involving municipal leaders, regulators, and industry experts. One of the identified priorities is to ensure the protection of nearby maritime access, enabling harmonious coexistence between energy development and local usage preservation.

Impact on the Economic and Energy Sectors

In addition to its benefits for the power grid, this project is seen as a driver of economic development in the region. It could provide local employment opportunities, particularly in energy-related technological sectors, and enhance the skills available in the area. Specialized workforce training to support these technological transitions is being considered.

Through this initiative, Massachusetts reaffirms its position as a pioneer in energy transition while addressing regional challenges related to electrification and the growing demand for clean energy. This project also illustrates the increasing efforts of public and private actors to develop innovative solutions to economic, political, and environmental challenges.

The Irish government has provisionally awarded development rights for the Tonn Nua offshore site to the Ørsted-ESB joint venture under a 20-year contract supporting a 900 MW project.
Nordex Group will supply six turbines to upgrade a 34.2 MW wind farm in Caparroso, financed by the European Union under the NextGenerationEU plan.
The Spanish group continues its asset rotation strategy by transferring its French onshore wind and solar portfolio to Technique Solaire, reinforcing its focus on offshore and regulated networks.
Japanese group Eurus Energy has completed the environmental assessment for its 60.2MW repowering project in Wakkanai, with commissioning targeted for April 2029.
BayWa r.e. has reached a strategic milestone with the concept certification of its BayFloat floating substructure, validated by DNV according to current floating offshore wind standards.
A full-scale testing programme will begin in January to assess a blade reinforcement technology developed by Bladena, as ageing offshore wind fleets raise durability challenges.
Africa's first wind project led by a Chinese company, the De Aar plant generates 770 million kWh annually and focuses on developing local talent.
SPIE Wind Connect has been selected by DEME Offshore to carry out all connection and high-voltage cable testing work for the 3.6 GW Dogger Bank offshore wind project off the UK coast.
German group Nordex will supply three turbines to developer BMR for a 21 MW project in North Rhine-Westphalia, bringing BMR's total orders to nearly 110 MW in 2025.
Q ENERGY is simultaneously conducting the repowering and extension of its wind farm in Aude, with commissioning scheduled for late 2026 and a production goal equivalent to the consumption of 45,000 people.
Cordelio Power has launched commercial operations of the Crossover wind farm in Arkansas, securing a 20-year power purchase agreement with Microsoft and closing $811mn in financing from North American banks.
VSB France has commissioned the Eoliennes de Fadoumal wind farm in Lozère, a 13.8 MW facility located in a forested high-altitude area and equipped with a patented avifauna detection system.
Proparco has invested in the 100 MW Kipeto wind farm in Kenya, reinforcing France’s financial involvement in East Africa’s energy sector, without disclosing the amount of the transaction.
The Monte Cristo I project strengthens Terra-Gen’s presence in Texas with a total capacity of 273 MW and economic returns exceeding $100mn for local communities.
The UK is betting on a new contracts-for-difference model to secure up to 5.5 GW of offshore wind, despite a reduced budget and unprecedented competitive pressure.
CWP Energy and KfW IPEX-Bank have finalised a £400mn ($494mn) financing agreement for the Sanquhar II onshore wind farm, marking a strategic milestone in UK energy investments.
Nordex Group will deliver seven turbines for two wind farms commissioned by SSE in Aragón, strengthening their partnership and reinforcing the industrial supply chain in Spain.
German manufacturer Nordex has signed three orders with DenkerWulf for 25 onshore wind turbines, with a total capacity of 122.7 MW to be installed between 2027 and 2028 in northern Germany.
RWE won two projects totalling 21.6 MW in the latest onshore wind tender by the CRE, strengthening its presence in Oise and Morbihan and consolidating its investments in France.
Danish group Cadeler has signed two contracts for the transport and installation of offshore wind turbine foundations and units worth a combined €500mn, subject to a final investment decision by the client.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.