Sunrise Wind — 924 MW offshore wind, 124-mile HVDC submarine + onshore export cable to PSEG LI Holbrook substation
NY PSC approves 25-mile transmission corridor for 924 MW Sunrise Wind east of Montauk. Original NYSERDA OREC strike $110.37/MWh from 2018. Project later redeveloped under 2024 NY OSW solicitation.
$700M
Deal Value
924MW
Capacity
Offshore Wind
Technology
NY
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Ørsted + Eversource (joint developer)
- Buyer / Financier
- NYSERDA (OREC)
- Offtaker
- NYSERDA (OREC)
- Deal Value
- $700M Suffolk County investment + $200M onshore transmission
- Stage
- Development
- ISO/RTO
- NYISO
- Source
- offshorewind.biz
Related Deals
Bluepoint Wind — federal OCS lease cancellation for 2.4 GW fixed-bottom offshore wind project off New York; DOI agrees to refund $765M in lease bid fees in exchange for redirected capital into US oil & gas infrastructure
Bluepoint Wind LLC → U.S. Department of the Interior (lease cancellation)
$765M (DOI lease fee refund)
Empire Wind 1 (816 MW offshore wind, New York)
Talen Energy → Equinor
816 MW
Empire Wind 1 — 810 MW offshore wind, NY Bight (~15-30 mi south of Long Island)
Equinor (after BP swap) → NYSERDA
$155.00/MWh strike (25-year term)
Sunrise Wind — 924 MW offshore wind, ~30 miles east of Montauk, New York (50% Eversource stake)
Eversource Energy → Ørsted
$152M (revised from $230M at signing)
Empire Wind 2 — 1,260 MW offshore wind, OCS-A 0512 lease area, off Long Island, New York
Equinor + bp (Empire Wind partners) → NYSERDA (terminated)
$250M EPC contract terminated
Solar Landscape distributed/community solar warehouse facility — anchors 146 MW community solar portfolio across New Jersey, Illinois, Maryland, and Minnesota
Solar Landscape → First Citizens Bank
$600M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.