other material
confidence high
sentiment positive
materiality 0.75
Eversource's Sunrise Wind wins NY4 solicitation; sale of 50% stake to Ørsted on track
EVERSOURCE ENERGY
- Sunrise Wind selected by New York in latest offshore wind solicitation (NY4); largest US offshore wind farm planned for 2026.
- Eversource will remain contracted to lead onshore construction after selling its 50% interest to Ørsted.
- Upon sale completion (expected later this year), Eversource expects no further risk exposure, including abandonment costs.
- Project finalization subject to OREC contract, regulatory approvals, federal COP, and Ørsted's final investment decision in Q2 2024.