EVERSOURCE MAKES $225 MILLION OFFSHORE WIND PLAY
Eversource has agreed to pay $225 million for a 50 percent interest in two Orsted offshore wind projects and 257 square miles encompassing two lease areas off the coasts of Massachusetts and Rhode Island.
The two companies announced the deal Friday, with Eversource buying into Orsted's 700-megawatt Revolution Wind project servicing Rhode Island and Connecticut and its 130-megawatt South Fork Wind Farms project servicing Long Island, New York. Orsted acquired the two projects and the lease areas in November when it acquired Deepwater Wind.
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