SUBSCRIBE
PROFILE

Eversource sells its stake in the Sunrise Wind project to Ørsted

Eversource Energy finalizes the sale of its 50% stake in the Sunrise Wind offshore wind project in Ørsted, while continuing to manage onshore construction.

Share:

Vente part Eversource Sunrise Wind

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

SUBSCRIBE - 99$/year

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 Energy announced today that it has finalized the definitive documents regarding its previously announced agreement to sell its 50% stake in the 924-megawatt Sunrise Wind project in Ørsted. Eversource will remain involved in the project as a service provider, in charge of onshore construction, without retaining any proprietary interest or ongoing financial obligations linked to project costs.

Eversource’s ongoing role in the Sunrise Wind project

Joe Nolan, CEO and President of Eversource Energy, said, “We’re proud of the work already done for Sunrise Wind and look forward to continuing to help Ørsted and New York State move this clean energy project forward with our ongoing ground support.” Eversource will continue to contribute its transmission expertise to facilitate the development of this important renewable resource for the region.

Economic and environmental impacts of the Sunrise Wind project

The Sunrise Wind project is expected to bring significant investment and employment opportunities to New York, not least for the local union that will build the project’s terrestrial transmission system. It will also help reduce carbon emissions and promote a clean energy future in New York State.

Background to the agreement and regulatory approvals

The sale of Eversource’s share in Sunrise Wind was conditional on several factors, including the project’s successful award in the latest Offshore Wind Renewable Energy Certificate Request for Proposals (ORECRFP23-1) issued by New York’s energy agency, NYSERDA. The project was selected by the State of New York in February 2024 to enter into contract negotiations with NYSERDA. The transaction is expected to close later this year, subject to customary conditions, including execution of a contract with NYSERDA and the necessary regulatory approvals.

With this transaction, Eversource Energy is adapting its role in the development of Sunrise Wind, focusing on technical expertise while divesting its stake, reflecting an adaptive strategy in the renewable energy sector.

  • Popular on energynews.pro
Kraken raises $1 billion for tech independence amid global energy market shift
AltaGas signs five-year labour agreement for its propane export terminal
NextNRG signs agreement with A123 Systems to secure US-manufactured batteries
Turkey targets offshore deal with Syria in 2026 for energy exploration
Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s
Ørsted sells 55% stake in Changhua 2 offshore wind farm to Cathay
Ørsted has signed an agreement to divest 55% of its Greater Changhua 2 offshore wind farm to Cathay Life Insurance, valuing the transaction at approximately DKK5bn ($735mn).
UK approves 189 MW extension of Clashindarroch wind farm
Scottish ministers have approved Boralex’s Clashindarroch wind farm extension, which will include up to 21 turbines and a 50 MW storage capacity.
Fukushima wind power milestone as Kagurayama begins operations
The Kagurayama onshore wind farm (61.1 MW) begins operations under a secured 2017 FIT tariff, despite grid injection limits and a multi-stakeholder local governance model.
Washington suspends five offshore wind projects on East Coast over security concerns
The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.
Global wind industry suffers historic downturn in 2025 despite Chinese resilience
Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.
Three new wind farms approved to add 792 MW of capacity in Québec
The Québec government has approved three wind projects totalling 792 MW to meet growing energy demand and support regional economies in Bas-Saint-Laurent and Capitale-Nationale.
ENGIE inaugurates its largest onshore wind farm in Brazil with 846 MW
French group ENGIE has officially commissioned the Serra do Assuruá complex in the State of Bahia, making it its largest onshore wind project worldwide.
RWE and Indiana Michigan Power secure 200 MW deal in Indiana
RWE signed a 15-year power purchase agreement with Indiana Michigan Power for the Prairie Creek project, aimed at supporting Indiana’s growing electricity demand starting in 2028.
EDP signs 322 MW hybrid energy contract with Energa in Poland
EDP has signed a long-term electricity supply agreement with Energa for a 322 MW hybrid portfolio combining wind and solar, marking one of the largest contracts of its kind in Poland.
Ocean Winds launches its first offshore measurement campaign for the High Sea Wind project
Ocean Winds has deployed a LiDAR buoy off Gippsland to collect accurate data on wind and currents, a key step in its 1.3 GW offshore wind project in Australia.
TerraWind strengthens its onshore wind portfolio in Japan with 255MW transferred
TerraWind Renewables acquires five projects totalling 255MW in northern Japan, bringing its onshore wind development capacity to 327MW and targeting first commercial operation in 2028.
EDF, OQAE and Al Khadra to build 120 MW wind farm in Oman
A consortium led by EDF power solutions has signed a 20-year agreement with Nama PWP to develop a 120 MW wind farm in southeastern Oman, with commissioning scheduled for Q3 2027.
Microsoft signs two new wind power purchase agreements with Iberdrola
Microsoft expands its partnership with Iberdrola through two new power purchase agreements in Spain, reinforcing its European energy strategy while deepening the use of cloud and artificial intelligence solutions from the US group.
Vestas secures 828MW contract for wind farm in Brazil
Casa dos Ventos awards Vestas the supply, construction and maintenance of a 184-turbine complex in the state of Piauí, with an investment exceeding $1.01bn.
Poland relaunches offshore tenders with 25-year CfD for 4 GW
Warsaw tests long-term support for offshore wind with a structured tender to maximise competition, reduce financial risk and reassure a supply chain under pressure across Europe.
TotalEnergies sells 50% of a 424 MW portfolio of projects in Greece
TotalEnergies has sold 50% of a portfolio of wind and solar projects in Greece to Asterion Industrial Partners, valued at €508mn ($554mn), while retaining operational control and the main share of electricity marketing.
Italy’s offshore wind sector stalled by regulatory and administrative delays
Italy’s offshore wind rollout remains at a standstill, freezing over 18 GW of pending projects and weakening national renewable energy targets.
Nordex secures 200 MW contract for wind farm in Canada
German manufacturer Nordex has secured an order for 34 turbines for a 200 MW project in the Canadian province of New Brunswick, marking its first entry into this region.
OX2 launches construction of 277 MW onshore wind farms in Finland
OX2 has started construction on three new onshore wind farms in Finland, bringing its total installed capacity in the country to 750 MW, a record level for a private energy sector player.
Enel acquires two onshore wind farms in Germany for €80mn in strategic move
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.

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

START - 99$/year

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.