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FinancingAnnouncedNovember 17, 2022

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

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