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Ørsted Has New U.S. Wind Partner as Eversource Exits and GIP Enters

October 2, 2024 — Institutional investors continue to show interest in the developing offshore energy sector demonstrated by the closing of a deal that rearranges the partnership for Ørsted in its U.S. offshore wind energy projects. Global Infrastructure Partners, which was acquired by famed group BlackRock, completed the previously announced deal to buy Eversource Energy’s 50 percent interest in two wind farms with Ørsted.

Eversource had previously announced its intent to exit the offshore wind sector to focus on operations as a pure-play regulated pipes and wires utility. They agreed earlier this year to sell their share of the planned Sunrise Wind project to Ørsted and yesterday completed the sale of its shares in South Fork Wind and Revolution Wind to Global Infrastructure Partners (GIP). While Eversource has exited its offshore wind investments, the company remains a contractor on the ongoing onshore construction scope for Revolution Wind, and a tax equity investor in South Fork Wind.

The final price for the 50 percent shares of the two U.S. offshore wind farms was $745 million, which was reduced by approximately $375 million from the original value of $1.12 billion on the deal. Eversource cited increased construction costs and delays for Revolution Wind. With a $370 million gain on the separate sale of Sunrise Wind, Eversource still expects to record a loss of $520 million for the divestiture of its offshore wind interests.

Read the full article at The Maritime Executive

To decarbonize, New England is betting big on offshore wind. Can it deliver?

July 24, 2024 — Dozens of hard hats and yellow safety vests were neatly placed on folding chairs. A giant American flag hung from the rafters of a hangar-sized fabrication building. And cellophane-wrapped cookies with blue icing spelling out “Revolution Wind, powered by Ørsted and Eversource,” added the final celebratory touch.

After a rough year for the fledgling U.S. offshore wind industry, the crowd of union leaders, energy company representatives, state and federal officials, media and other guests at the Port of Providence on June 13 were marking the final assembly of the advanced foundation components for the Revolution Wind project, a 700-megawatt offshore wind farm currently under construction 12 miles southwest of Martha’s Vineyard that will deliver energy to Rhode Island and Connecticut.

Rhode Island Gov. Dan McKee called the now- bustling port – packed with offshore wind turbine components and hosting a gleaming new crew service vessel built for Ørsted, the Danish offshore wind giant, docked nearby – “an example of what can happen all around the country.” The construction progress “marks a pivotal moment, not just for Rhode Island but our country’s offshore wind industry,” McKee added.

Other governors across New England are banking big on the mammoth turbines being installed off the coast to not only keep the lights on as the region moves toward cleaner electricity, but also to meet a surge in power demand from electric vehicles and a shift to electrified home heating. The region’s push into offshore wind comes amid longstanding apprehension by federal regulators and the nation’s electric reliability watchdog over New England’s dependence on natural gas power generation, worrisome when paired with its constrained pipeline capacity during extreme cold.

Whether the hundreds of turbines planned to spring up off the coast — and the major grid upgrades needed to get that power to where it’s needed — can reliably meet those expectations will come down in large part to timing, experts say. That includes not just how fast developers, who are facing supply chain problems and sometimes stiff local resistance and have complained about permitting delays, can get turbines built, but also when the expected demand increase from an electrified future materializes. Also in the mix: how quickly the system is able to inject the power produced offshore and whether it can handle the dips in output that can come with variable generation, said John Moura, director of reliability assessment at the North American Electric Reliability Corporation, which sets and enforces standards for the American power system.

Read the full article at Maine Morning Star

“Steel in the Water” for Next Two Large U.S. Offshore Wind Farms

May 16, 2024 — Two of the larger offshore wind farms planned for the U.S. East Coast have each gotten underway with their offshore installation. Coming just months after the commissioning of the first commercial-scale U.S. offshore wind farm it is the latest demonstration of the building momentum in the sector after the challenges in 2023.

Located roughly 15 miles south of the Rhode Island coast and 32 miles southeast of the Connecticut coast, the Revolution Wind project is adjacent to Ørsted and Eversource’s South Fork Wind, America’s first utility-scale offshore wind farm. The project also highlights that it will be the first multi-state offshore wind farm in the United States supplying power to both states.

First steel was achieved for Revolution Wind pounding in the first of the 65 turbine foundations that will hold the turbines. The project is expected to be in operation in 2025. Once in operation, it will generate 400 megawatts of offshore wind power for Rhode Island and 304 megawatts for Connecticut, enough clean energy to power more than 350,000 homes across both states.

Read the full article at The Maritime Executive

South Fork Wind’s 12 turbines completed

March 15, 2024 — The last of 12 turbines in the South Fork Wind project 35 miles east of Montauk, N.Y., were completed March 14.

South Fork Wind, an array of 12 turbines 35 miles east of Montauk, N.Y., became the first fully operational offshore wind energy project in U.S. federal waters on March 14. This milestone for the U.S. industry was one of its earliest and most bitterly fought projects.

With a maximum nameplate rating of 132 megawatts, South Fork Wind was first approved by the Long Island Power Authority in 2017. Partners Ørsted and Eversource began construction in February 2022, and completion was announced Thursday.

“When I broke ground on the South Fork project, I made a promise to build a cleaner, greener future for all New Yorkers,” said New York Gov. Kathy Hochul. With more projects in the pipeline, this is just the beginning of New York’s offshore wind future, and I look forward to continued partnership with the Biden Administration and local leaders to build a clean and resilient energy grid.”

The Hochul administration aims to have 9 gigawatts of offshore wind by 2035 and recently announced two new project awards, Empire Wind I, and Sunrise Wind, for over 1,730 MW.

Read the full article at Workboat

Decades after Europe, turning blades send first commercial offshore wind power onto US grid

December 7, 2023 — Despite some recent financial setbacks, U.S. offshore windpower has hit a milestone. An 800-foot tall turbine is now sending electricity onto the grid from a commercial-scale offshore wind farm on pace to be the country’s first.

The moment is years in the making and at the same time a modest advance in what experts say needs to be a major buildout of this type of clean electricity to address climate change.

Danish wind energy developer Ørsted and the utility Eversource announced Wednesday the first electricity from what will be a 12-turbine wind farm called South Fork Wind 35 miles (56 kilometers) east of Montauk Point, New York. It will be New York’s first offshore wind farm.

Read the full story at the AP

US approves major Rhode Island offshore wind farm

August 23, 2023 — The U.S. Interior Department on Tuesday approved the construction of a 704 megawatt (MW) wind farm off the coast of Rhode Island, the fourth offshore wind project the agency has greenlighted as the Biden administration targets bringing 30 gigawatts of offshore wind power online by 2030.

The Revolution Wind project off Point Judith, Rhode Island, could power nearly 250,000 homes and create 1,200 local jobs during the construction phase, the Interior Department said.

Owned by wind energy developers Orsted (ORSTED.CO) and Eversource (ES.N), the project includes up to 79 possible locations for the installation of 65 wind turbines and two offshore substations.

Read the full story at Reuters

Work has started on major offshore wind farm that would power Rhode Island. What to know.

May 2, 2023 — The developers of Rhode Island’s first utility-scale offshore wind farm are still waiting on approvals for the 704-megawatt project, but that’s not stopping them from starting work on pieces of it.

Ørsted and Eversource welcomed Gov. Dan McKee, the Rhode Island congressional delegation and other officials to the Port of Providence on Monday to mark the beginning of fabrication of some of the key components of the towering wind turbines that will be installed in the waters between Block Island and Martha’s Vineyard as part of Revolution Wind.

The companies set up shop a year and a half ago in the port, where they built a regional hub that is supplying parts to a host of wind farms planned off southern New England.

‘Jobs of the 21st century’

First up for the facility was the South Fork Wind Farm, a 130-megawatt, 12-turbine array already under construction that will help power Long Island. Now comes Revolution, the 65-turbine project that would deliver energy to Rhode Island and Connecticut. Sunrise Wind, an 880-megawatt proposal to also supply New York, is expected to follow. And, if all goes as planned, a second, even bigger phase of Revolution would come.

It’s all part of a long-term vision to not only generate cleaner sources of power to help meet the nation’s climate goals, but also position Rhode Island as a manufacturing base for offshore wind development.

Read the full story at the Cape Cod Times

Orsted, Eversource Propose New York Offshore Wind Project

January 27, 2023 — Ørsted and Eversource have submitted a joint proposal in response to New York State’s third round of offshore wind solicitations. Together, Ørsted and Eversource are building South Fork Wind, New York’s first offshore wind farm, which broke ground early last year and will be operational with 130 MW in 2023, and Sunrise Wind, a 924 MW project that will deliver clean energy to New York in late 2025.

In July 2022, Gov. Kathy Hochul announced New York’s third competitive offshore wind solicitation for a minimum of 2,000 MW of offshore wind, which will power at least 1.5 million additional New York homes with clean, affordable energy. This third solicitation marks additional progress toward achieving New York State’s Climate Act mandate to secure 70% of the State’s electricity from renewable energy by 2030 and at least 9,000 MW of offshore wind by 2035.

Read the full story at North American Windpower

New York wind developers, environmental groups sign agreement on right whales

June 28, 2022 — Offshore wind developers Ørsted and Eversource say they have struck an agreement with environmental groups to improve protection of endangered north Atlantic right whales during construction and operation of the South Fork Wind project.

The companies say they will adopt monitoring measures to make sure right whales are not nearby during construction activity, and use mitigation steps to reduce underwater noise during pile driving.

They will also evaluate other new monitoring technologies, including thermal cameras, acoustic sensors, and data integration software. Developers say the findings from South Fork will be used in future projects.

A 10-knot vessel speed limit will be in place for all boats working on the project, “unless an effective adaptive speed management plan is in place,” according to the developers.

Such 10-knot limits are commonly sought by the National Marine Fisheries Service when its monitoring detects right whale movements off the East Coast, triggering announcements of special management areas to reduce the danger of ship strikes. Accidental encounters in the shipping lanes are a major cause of death for right whales, now estimated to number only around 340 animals.

NMFS whale monitoring has shown substantial overlap between right whale movements and offshore wind development areas off southern New England.

Read the full story at National Fisherman

New England wind farm, environmentalists agree on ways to protect whales

June 27, 2022 — The developers of an offshore wind farm and three environmental organizations announced Monday that they have reached an agreement to further protect rare North Atlantic right whales during construction and operation of the energy-generating project.

The agreement involving Orsted and Eversource — developers of South Fork Wind off the coast of New England and New York — was signed by the National Wildlife Federation, the Natural Resources Defense Council, and the Conservation Law Foundation, the groups said in a joint statement.

The agreement promotes the development of sustainable energy while protecting wildlife, said Alison Chase, a senior policy analyst at the NRDC.

“We don’t need to choose between clean energy development and wildlife protection, and this agreement shows how we can do both,” she said.

Read the full story at The Boston Globe