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June 25, 2024

Sunrise Wind

Sunrise Wind
Sunrise Wind Cleared to Begin Construction
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.
Ørtsted/Edison Chouest Offshore
Empire, Sunrise Wind Back Under Contract in NY
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
Eversource Announces $500M Cut in Connecticut Investments
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.
BOEM
BOEM Approves NY’s Sunrise Wind OSW Project
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.
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.
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.

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