Danish power company Ørsted will acquire the US-based leading offshore wind power developer Deepwater Wind at a purchase price of US$510m. Deepwater Wind will be integrated into Ørsted's portfolio. With the completion of this acquisition, Ørsted expects to be able to build more than 10 GW of offshore wind capacity by 2030.
Deepwater Wind currently has a total potential capacity of 3,300 MW, entailing the only operational offshore wind park in the US, the 30 MW Block Island facility on Block Island, Rhode Island (United States) and three wind projects with pending finalization located in Rhode Island, Connecticut, Maryland and New York totalling 810 MW of capacity. The remaining 2,500 MW are located across three BOEM lease areas in Massachusetts and Delaware; of these 2,500 MW, 1,200 MW is developed through an equal joint venture with New Jersey's leading utility Public Service Enterprise Group (PSEG).
In addition, Ørsted's currently holds an US offshore wind development portfolio of 5,500 MW, including the 2,000 MW Bay State Wind site off the coast of Massachusetts owned through a joint venture with Eversource and development rights for the 3,500 MW Ocean Wind site off New Jersey. In Virginia, Ørsted will build two 6 MW wind turbine positions for the first phase of Dominion Energy’s Coastal Virginia Offshore Wind project; the Danish group has exclusive rights with Dominion Energy to discuss the potential development of up to 2,000 MW of offshore wind capacity.
Searching for proven generation costs?
Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.
Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.