Eversource and Ørsted re-bid Sunrise Wind (924 MW) for NY; Ørsted to buy Eversource's 50% stake if awarded

EVERSOURCE ENERGY

Sunrise Wind would deliver up to 924 MW of clean energy; expected completion in 2026.
If awarded contract, Ørsted acquires Eversource's 50% share; Eversource leads onshore construction.
Purchase price paid 50% at closing, 50% after onshore completion and milestones achieved.
If not selected, existing contract cancelled; 50/50 joint venture remains in place.
Project secured all major supplier and labor agreements; final federal permits expected summer 2024.

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