Eversource 50% stake in ~175,000 acres of uncommitted Northeast offshore wind lease areas
Eversource sells 50% stake in uncommitted Northeast offshore wind lease holdings to Ørsted for $625M. First step in Eversource's broader exit from offshore wind. Allowed Ørsted to consolidate uncommitted lease positions.
$625M
Deal Value
Offshore Wind
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Eversource Energy
- Buyer / Financier
- Ørsted
- Deal Value
- $625M
- Stage
- Lease
- ISO/RTO
- Multiple
- Source
- Utility Dive
Related Deals
80 MW PPA from the 471 MW Mockingbird Solar Center under construction near Paris, Texas — brings project to fully contracted status
Ørsted (Mockingbird Solar Center) → Bloomberg LP
Ørsted US onshore wind portfolio — Ford Ridge (IL), Helena Wind & Western Trail Wind (TX), Sunflower Wind (KS) — 957 MW
Ørsted → Stonepeak
$300M
Sunrise Wind — 924 MW offshore wind, 84 turbines off New York + DKK 60B rights issue
Ørsted → BNP Paribas, Danske Bank, J.P. Morgan
~$6.3B (DKK 40B project cost)
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NextEra Energy Partners → Kinder Morgan
$1.815B
Triple Oak Power — 8 GW onshore wind development platform focused on central and western US markets
EnCap Investments → Energy Capital Partners
$500M-$750M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.