© Reuters. A view of the generators at Orsted’s offshore wind farm close to Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
(Reuters) – Denmark’s Orsted (CSE:) mentioned on Thursday it had submitted a brand new proposal with Eversource for Sunrise Wind in response to New York’s newest offshore wind solicitation.
Sunrise Wind is a 924 MW offshore wind farm which might ship energy to New York and is predicted to be accomplished by 2026, Orsted mentioned.
Under the up to date proposal, Orsted reached an settlement to amass Eversource’s 50% share within the Sunrise Wind challenge if awarded a contract in New York’s fourth offshore wind solicitation
If Orsted wins the bid, it might develop into the only proprietor of Sunrise Wind, whereas Eversource would lead the challenge’s onshore development, the Danish renewable vitality agency mentioned.
Additionally, Orsted mentioned it might pay 50% p.c of the negotiated buy value upon closing the gross sales transaction, with the remaining 50% to be paid when onshore development is accomplished.
The 50-50 three way partnership for Sunrise Wind will stay in place if the approval is just not granted.
Orsted didn’t present monetary particulars for the acquisition of Eversource’s stake in Sunrise Wind.
New York State final 12 months launched a brand new accelerated offshore wind solicitation in a bit to revive troubled initiatives and preserve the state on monitor to fulfill its renewable vitality objectives.
The Danish wind farm developer mentioned in a separate assertion it has withdrawn from the Maryland Public Service Commission orders approving Skipjack 1 and a pair of initiatives as they’re not commercially viable resulting from excessive rates of interest and provide chain constraints.
The firm mentioned it intends to proceed advancing improvement for the mixed challenge, and can reposition Skipjack Wind, a mixed 966 megawatt challenge.