Sunrise Wind
Sunrise Wind has received final federal approval of its construction and operations plan and expects to begin seabed preparations off the New England coast this year.
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
The Bureau of Ocean Energy Management has approved the Sunrise Wind offshore wind farm, a 924-MW project that could power 320,000 New York homes.
Two major New York offshore wind projects are getting back on track, with more-lucrative contract awards to replace their existing deals with the state.
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
The details released on New York’s potential next wave of offshore wind projects indicate continued efforts to expand the human and industrial infrastructure critical to offshore development.
Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.
The Bureau of Ocean Energy Management issued its final environmental impact statement for Sunrise Wind, endorsing an 11% reduction in the number of wind turbines for technical and environmental reasons.
Eversource reported it's moving closer to the sale of its share of an offshore wind joint venture, and has substantially completed negotiations with a potential buyer.
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