Orsted to buy out wind farm seabed rights from Eversource Energy
Orsted A/S, one of the world’s largest developers of offshore wind energy, announced Thursday that it had agreed to buy the interests of its partner Eversource Energy LLC for the uncontracted federal offshore wind lease area off the Rhode Island coast currently owned jointly by the two companies.
The $625 million deal will not include the wind turbine farms Orsted and Eversource operate, or plan to develop, off the coasts of Rhode Island, Massachusetts and Long Island.