Eversource, Orsted enter 50/50 partnership agreement for offshore wind assets
Orsted and Eversource announced that they have entered into a 50-50 partnership for key offshore wind assets in the Northeast. Eversource is paying approximately $225 million for a 50 percent interest in Orsted's Revolution Wind and South Fork Wind Farm projects, as well as the 257-square-mile tract off the coasts of Massachusetts and Rhode Island. Orsted acquired all three assets in November 2018 as part of its Deepwater Wind transaction. This expanded partnership will continue to work closely with the local communities where these projects exist, and will honor all existing commitments currently in place as the two companies work collaboratively to deliver a clean energy transformation to homes and businesses throughout the region.