Eversource 50% stake in South Fork Wind (132 MW, off Long Island NY) + Revolution Wind (704 MW, off RI/CT) — combined 836 MW
Eversource's exit from offshore wind business. South Fork (first US utility-scale offshore wind farm, COD 2024) and Revolution Wind (704 MW, COD 2026). Closed Sep 25, 2024. Total Eversource net loss of ~$520M on offshore wind divestiture. Combined with Sunrise Wind sale to Ørsted — Eversource's full offshore wind exit.
$745M
Deal Value
836MW
Capacity
Offshore Wind
Technology
CT, NY, RI
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Eversource Energy
- Buyer / Financier
- Global Infrastructure Partners (GIP/BlackRock)
- Deal Value
- $745M (revised down from $1.1B initial)
- Stage
- Mixed (Operating + Construction)
- ISO/RTO
- NYISO, ISO-NE
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