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Eversource began its anticipated departure from the offshore wind sector, announcing it would sell its interest in an uncontracted New England lease to Ørsted.
Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.
Cape May County has appealed a BPU decision to grant Ørsted an easement to run transmission from the state’s first OSW project to an onshore substation.
Rhode Island Energy said it hoped to receive more than one proposal in the state’s second offshore solicitation but recognizes the challenges facing the sector.