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December 5, 2025

Orsted

Ørsted
Sunrise Wind, Empire Wind Tapped for New OSW Contracts

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.

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.
NYSERDA
Ørsted Exits Offshore Wind Markets, Remains Committed to US
The world’s leading offshore wind developer announced that it is pulling out of some smaller markets but reiterated its commitment to construction and operation in U.S. waters.
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.
Shutterstock
Ørsted Cancels Skipjack Wind Agreement with Maryland
Ørsted canceled its Skipjack Wind agreement with Maryland but will continue preparations to build the 966-MW offshore wind farm in hopes of securing a better deal.
Ørsted
Offshore Wind Reset Complete in New York
The churn in New York’s offshore wind industry reached a crescendo Jan. 25, with ownership changes, contract cancellations and new proposals announced.
© RTO Insider LLC
Offshore Wind: NY, NJ Collaborate to Boost Infrastructure, Supply Chain

Two states with some of the most ambitious offshore wind goals in the nation brought stakeholders together last week, trying to keep things on track in 2024.

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.

Advanced Solar Products
NJ Ready for Clean Energy Advance in 2024 After OSW Meltdown
Clean energy in New Jersey moved forward in 2023 with community solar and Advanced Clean Cars II, and in reverse with the shutdown of the Ocean Wind offshore development.
Shutterstock
NJ Seeks to Advance Sole OSW Project After Ørsted Withdrawal

The New Jersey Board of Public Utilities dismissed a citizen petition seeking to reassess the cost to ratepayers of Atlantic Shores, the state's sole offshore wind project in active development.


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