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Good news for the US offshore wind market, as FID is taken on Sunrise Wind

Ørsted and Eversource has taken the final investment decision (FID) on the 924 MW US East Coast Sunrise Wind project, after having received key approvals from BOEM. The project, when operational towards the end of 2026, will be the largest US offshore wind project to date.

The decision to move ahead follows a difficult last year for the US offshore wind market, after several projects having been halted, changing hands, or having to renegotiate the offtake agreements. Recent news from the US market has turned the sentiment however, giving a positive boost ,with additional projects, such 810 MW Empire Wind I, expected to get FID soon. With new FIDs, the US offshore wind market seems to be on the right track again, opening up opportunities for suppliers and vessel operators.

Ørsted has agreed to acquire Eversource’s 50 % stake in the project, conditional of regulatory approvals.

Image: Van Oords Aeolus at work, installing turbines on Ørsted/GIP project South Fork

Image Credit: Van Oord

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