Sunrise Wind — 924 MW offshore wind, ~30 miles east of Montauk, New York (50% Eversource stake)
Ørsted closed acquisition of Eversource's 50% stake in Sunrise Wind on July 10, 2024. Original valuation $230M (Jan 2024) revised to $152M reflecting lower-than-forecast CAPEX between signing and closing. Project signed new OREC contract with NYSERDA at $146/MWh for 25 years under NY4 solicitation. COD targeted 2026. Eversource simultaneously sold remaining offshore wind stakes (Revolution Wind, South Fork Wind) — total ~$1.1B from 2024 offshore exit.
$152M
Deal Value
924MW
Capacity
Offshore Wind
Technology
NY
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Eversource Energy
- Buyer / Financier
- Ørsted
- Offtaker
- NYSERDA
- Deal Value
- $152M (revised from $230M at signing)
- Stage
- Construction
- ISO/RTO
- NYISO
- Source
- Ørsted
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