Search results for: Eversource

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  • 1 February 2018
    Business & Finance

    Ørsted reported a 74% jump in wind power division’s operating profit (EBITDA) in 2017, largely due to farm-downs of 50% of the Walney Extension and the Borkum Riffgrund 2 offshore wind farms.

  • 8 October 2018
    Business & Finance, Contracts & Tenders

    Danish offshore wind developer Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind at a purchase price of USD 510 million.

  • 14 September 2020
    Authorities, Grid Connection, Wind Farm Update

    Ørsted, East Hampton Town, and the East Hampton Town Trustees have reached agreement on the terms of a contract which would allow the installation and maintenance of the South Fork offshore wind farm’s export cable. When finalized, the contract, known as a “Host Community Agreement,” would provide for payment in exchange for the granting of […]

  • 24 May 2018
    Business & Finance, Wind Farm Update

    Ørsted and its joint venture partner Eversource will continue progressing the Bay State Wind project towards the next solicitations in New England and New York, Ørsted’s Executive Vice President Martin Neubert said after the project was not selected under the 83C solicitation in Massachusetts.

  • 3 February 2017
    Business & Finance, Contracts & Tenders

    DONG Energy yesterday revealed its ambition to increase the installed offshore wind capacity to 11-12GW at the end of 2025.

  • 12 April 2018

    By: Jason Deign, for New Energy Update The US offshore wind sector ended 2017 on a slightly ironic note. Plans for Cape Wind, which was supposed to have been the country’s first offshore wind farm, were finally shuttered after a long period of uncertainty.[1] But prospects for the rest of the market looked better than […]

  • 1 January 2020

    With 2019 now behind us, our editorial team looks back on what shaped the offshore wind industry in the last year of the decade. Below is a subjective list highlighting some of the most impactful events in the sector: UK Offshore Wind Strike Prices Slide Down to GBP 39.65/MWh Offshore wind projects selected in the […]