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Ørsted Selected as Preferred Bidder for Offshore Wind Farm in Connecticut

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Connecticut’s Department of Energy and Environmental Protection has selected Ørsted’s Revolution Wind project to move forward to negotiate a fixed-price power purchase agreement with the state’s power distribution companies for 0.42TWh (terawatt hours) per year equivalent to 100MW offshore wind capacity.  
Ørsted Selected as Preferred Bidder for Offshore Wind Farm in Connecticut

Subject to contract signing and Ørsted’s final investment decision, construction is expected to start in 2022, and the wind farm is expected to be commissioned in 2023.

With the 100MW added capacity, Revolution Wind has now secured a total of 700MW offshore wind capacity, including previously awarded projects in Rhode Island and Connecticut, which Ørsted will build as one joint project.. In addition, Ørsted will build the adjacent 130MW South Fork project at the same time as Revolution Wind.

Martin Neubert, Executive Vice President and CEO of Ørsted Offshore, says,”We’re happy to have been selected for contract negotiations as the only offshore wind project in this zero carbon RPF. Revolution Wind will contribute to Connecticut’s transition to clean energy and add to our attractive construction pipeline in New England which now totals 830MW.”  

Revolution Wind is part of the Deepwater Wind portfolio which Ørsted acquired in October 2018. Deepwater Wind proposed the 100MW Revolution Wind project prior to the company’s acquisition.

Today’s selection follows the approval in December by Connecticut regulators of a 20-year PPA for the initial Revolution Wind project. Connecticut’s Public Utilities Regulatory Authority approved Ørsted’s long-term power purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for 200MW of clean energy.

Ørsted US Offshore Wind is joint headquartered in Boston, Massachusetts and Providence, Rhode Island.

Ørsted recently acquired Lincoln Clean Energy, a leading US developer of onshore wind farms. In addition, Ørsted is active in battery storage and solar development and last year established an office in Austin, Texas, to lead those efforts.

 

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