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Eversource nears sale of Ørsted tie-up stake

Richard Heap
November 7, 2023

Eversource Energy is in advanced negotiations to sell its 50% stake in a 1.8GW US offshore wind joint venture with Danish utility Ørsted.

The US utility revealed in its third-quarter earnings call yesterday that it has "subtantially completed" negotiations to sell its stakes in three development-stage projects: the 920MW Sunrise Wind, 704MW Revolution Wind and 132MW South Fork Wind schemes. It said it expected the sale process to "wrap up shortly".

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