January 22, 2025

Sunrise Wind

South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
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.
Empire Wind
Deflated New York OSW Portfolio Positioned to Start Regrowth
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.
NYSERDA
Eversource Takes Hit of up to $1.6B on Offshore Wind

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.

BOEM
BOEM Backs 10 Fewer Turbines for Sunrise Wind
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.
South Fork Wind
Eversource Closer to Exiting OSW Venture with Ørsted
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.
Shutterstock
NY Rejects Inflation Adjustment for Renewable Projects

New York rejects inflation adjustment requests for 90 planned wind and solar projects that total more than 12 GW of capacity and constitute much of the state’s contracted clean energy pipeline.

South Fork Wind
Ørsted Addresses Challenges of US OSW Market
Offshore wind power industry leader Ørsted gives an update and outlook for the sector.
BOEM
Eversource Begins Its Exit from OSW Development
Eversource began its anticipated departure from the offshore wind sector, announcing it would sell its interest in an uncontracted New England lease to Ørsted.
Shutterstock
Eversource Still Eyeing Offshore Wind Sale
Eversource’s 2022 earnings were hit by continued uncertainty over its offshore wind portfolio despite record profits, the company said in a call with analysts.
Shutterstock
Financial Concerns Continue for Major Northeast OSW Projects
Two major offshore wind power developers are warning again of economic problems with projects off the New York and New England coasts.

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