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Eversource sells $625m Massachusetts site

US utility Eversource Energy has completed the sale of a 175,000-acre site for offshore wind development off the coast of Massachusetts to Ørsted for $625m.

Eversource is set to use $545m from the sale to support its tax equity investment in the 132MW South Fork offshore wind project off the coast of Rhode Island, which it is developing with Ørsted. South Fork is due to be commissioned in late 2023.

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