Ørsted, a Danish energy company, has agreed to acquire PSEG’s (Public Service Enterprise Group) 25 per cent equity stake in the Ocean Wind I offshore wind project in the US. The 1.1 GW offshore project, which is located about 24 km from southern New Jersey, will now be 100 per cent owned by Ørsted as part of the agreement. No financial details have been disclosed.
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PSEG and Ørsted have announced that they have completed PSEG’s acquisition of a 25 per cent equity interest in Ocean Wind. Ocean Wind is a 1,100 MW offshore wind farm located 15 miles off the coast of southern New Jersey.
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Danish offshore wind company Ørsted has closed a deal to sell 25 per cent in one of the largest offshore wind project in the US, the 1.1GW Ocean Wind project, to New Jersey’s Public Service Enterprise Group (PSEG) for an undisclosed amount.
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