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
Buscando finalises name change and raises C$1mn for hydrogen operations
Morocco sets conditional coal phase-out target from 2040
Fire temporarily halts operations at BP’s 440,000 bpd Whiting refinery
Tariffs threaten US energy and digital strategy
Mitsubishi Logistics signs 8MW solar VPPA with JERA Cross
BayWa r.e. opens the capital of the Plouisy wind farm to citizen investment
German group BayWa r.e. has tasked Enercoop Bretagne with implementing a citizen investment scheme for its planned wind farm in Plouisy, aiming for shared governance and stronger local involvement.
US wind installations drop 15% but rebound expected in 2027
US wind capacity fell in Q2, but developers anticipate a sharp increase by late 2025, with 46 GW of new capacity forecast by 2029 and a peak in 2027.
Engie and Apple sign 15-year PPA for 173 MW in Italy
Engie has signed a renewable electricity supply contract with Apple covering 173 MW of installed capacity in Italy, with commissioning scheduled between 2026 and 2027.
Renova avance sur un projet éolien terrestre de 280MW à Higashidori avec une nouvelle méthodologie EIE
Renova a soumis une méthodologie d’évaluation environnementale pour un projet éolien terrestre de 280MW à Higashidori, renforçant son positionnement sur les technologies renouvelables au Japon.
JERA Nex BP exits Beacon Wind project amid US market uncertainty
The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.
Q ENERGY surpasses 1 GW in repowering projects through public-private agreement
With a 300 MW partnership signed with Nadara, Q ENERGY exceeds 1 GW of wind repowering projects in France, reinforcing its position in a market driven by public investment dynamics.
FairWind acquires Cosmic Group to strengthen wind energy presence in Asia-Pacific
The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.
Vestas suspends wind turbine plant project in Poland amid market weakness
Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.
Equitix named preferred bidder for Scottish offshore transmission project
British operator Equitix has been selected to take over transmission assets of the Neart na Gaoithe offshore wind farm, a £450mn ($547mn) project awarded under Ofgem’s tenth tender round.
Energiequelle replaces five outdated wind turbines with three Nordex units in Minden
Energiequelle GmbH has launched replacement work for old turbines at its Minden-Hahlen site, aiming for long-term structural maintenance with the installation of three new 200-metre machines.
GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania
GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.
Eversource records $75mn charge after revised offshore wind liabilities
Eversource Energy posts a one-time $75mn charge linked to unforeseen costs in the Revolution Wind project, while tightening its 2025 earnings forecast.
The Renewables Infrastructure Group signs 10-year agreement with Virgin Media O2
The Renewables Infrastructure Group has signed a ten-year power purchase agreement with Virgin Media O2 for its onshore wind farms in the United Kingdom, ensuring price stability for both parties.
RWE allocates €120,000 to eight local projects in France through its wind fund
Eight local associations in Normandy and Hauts-de-France will receive a total of €120,000, financed by revenues from three RWE wind farms, to support public-impact projects in 2025.
CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans
CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.
Elawan wins 92MW wind capacity in Romania under 15-year public contract
Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.
Migralion programme warns of interaction risks between migratory birds and offshore wind turbines
A study conducted in the Gulf of Lion highlights the risk of collisions between migratory birds and floating wind turbine blades, as the region prepares to host 19 additional turbines by 2031.
Taaleri Energia invests in a 112 MW wind farm in Latvia
Taaleri Energia’s SolarWind III Fund partners with Lords LB Asset Management to develop a 112 MW onshore wind project in Smiltene, scheduled for commissioning in early 2027.
Spark Renewables secures key contract for 357 MW wind farm in Australia
The Dinawan Wind Farm project, first phase of a 1.3 GW energy hub, was selected in the fourth tender round of the Capacity Investment Scheme launched by the Australian Government.
RWE commissions new 12.9 MW wind farm in Rhineland-Palatinate
RWE has completed construction of the Kail wind farm, comprising three turbines totalling 12.9 MW, marking its first commissioning in Rhineland-Palatinate.

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.