All articles tagged with #sunrise wind
Orsted plans a rapid finish of the Revolution Wind project off Rhode Island after a court overturned the halt, with seven turbines left and power expected within weeks; Sunrise Wind remains paused and policy risks for US offshore wind persist as the company weighs its US versus European focus.
Orsted's shares dropped over 25% after the company announced a $9.4 billion rights issue due to adverse developments in the U.S. market, which prevented it from raising funds through a stake sale in the Sunrise Wind project.
New York State has conditionally awarded contracts to Equinor’s Empire Wind 1 and Eversource and Ørsted’s Sunrise Wind, which were previously canceled but have now reached viable power purchase agreements in the latest offshore wind solicitation. These "shovel-ready" projects will provide enough clean power for 1 million New York homes, reduce greenhouse gas emissions, and create jobs. The projects are expected to come online in 2026 and 2027, contributing to New York State's goal of achieving 9,000 megawatts of offshore wind energy by 2035.