Sunrise Wind selected for award in New York’s fourth offshore wind solicitation
Source: EQS
Ørsted A/S (Orsted)
New York’s energy agency, Sunrise Wind is expected to be completed in 2026, subject to OREC negotiations, customary state and federal approvals, and to Ørsted’s final investment decision, which is expected in Q2 2024. The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labour agreements. Final federal permits are expected this summer. “New York 4 is testament to Governor Hochul’s leadership on clean energy and the state’s ability to respond nimbly to the unprecedented macroeconomic developments that fundamentally changed the economics of the first wave of US offshore wind projects and threatened the state’s transition to clean energy. With today’s award at a bid price level reflecting the current component and financing costs, Sunrise Wind is well positioned to deliver clean energy to “We’re proud to be New York’s offshore wind leader. Soon, we’ll complete the construction of South Fork Wind, the state’s first offshore wind farm, and with Sunrise Wind, we’ll deliver further economic benefits and local jobs to the state, while helping Ørsted is establishing an offshore wind cluster on the US Northeast coast comprising South Fork Wind (130 MW under construction), Revolution Wind (704 MW under construction), and Sunrise Wind (924 MW), port assets, a trained work force, and supply chain partners. The northeast hub will be strategic for current and future projects and help Ørsted differentiate and de-risk potential future bids and projects. In addition, the company has seabed and assets along the As announced last month, Ørsted will take full ownership of Sunrise Wind from its current 50/50 joint venture partner Eversource, subject to the signing of the OREC agreement, entry into long-form acquisition agreements with Eversource, receipt of construction and operations plan (COP) approval, and relevant regulatory approvals. For further information, please contact: Global Media Relations Investor Relations About Ørsted AttachmentsNews Source: Ritzau Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | DK0060094928 |
Category Code: | MSCM |
TIDM: | Orsted |
Sequence No.: | 306945 |
EQS News ID: | 1848875 |
End of Announcement |
|