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Eversource Could Exit U.S. Offshore Wind Partnership with Ørsted

Eversource Could Exit U.S. Offshore Wind Partnership with Ørsted

power

Industry Segment: Power | Word Count: 670 Words

May 9, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Citing high federal offshore lease prices, Eversource Energy (NYSE:ES) (Boston, Massachusetts) is considering the potential sale of its 50% stake in a joint venture with Ørsted (Gentofte, Denmark), which is developing offshore wind-energy projects in the northeast U.S.

Through the joint venture, Eversource and Ørsted own three contracted windfarm projects in the Northeast region.

Other companies featured: RWE Renewables (Essen, Germany) and National Grid Plc (NYSE:NGG) (London, England)

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