Ørsted has signed an settlement with Eversouce to amass the corporate’s 50 per cent share of the 924 MW Dawn Wind offshore wind farm, a challenge that might ship energy to New York.
The acquisition is topic to the profitable award of Dawn Wind within the ongoing New York fourth solicitation for offshore wind capability, the signing of an Offshore Wind Renewable Vitality Certificates (OREC) contract with the New York State Vitality Analysis and Improvement Authority (NYSERDA), finalisation of acquisition agreements, receipt of building and operations plan (COP), and related regulatory approvals.
On 30 November 2023, NYSERDA introduced the launch of New York’s fourth aggressive offshore wind solicitation as a part of New York’s 10-Level Motion Plan to bolster the State’s rising large-scale renewable trade.
Award bulletins are anticipated to be made in February 2024.
If Dawn Wind just isn’t profitable within the solicitation, the present OREC contract for Dawn Wind can be cancelled per the state’s necessities, and Ørsted and Eversource’s 50/50 three way partnership for Dawn Wind will stay in place and the companions will consider its subsequent steps.
If the challenge is provisionally awarded, a brand new contract can be negotiated with NYSERDA underneath the up to date phrases of the present solicitation.
“This transaction is a value-accretive alternative for Ørsted and the most effective path ahead for the challenge. Dawn Wind can be our third offshore wind farm off the Northeast coast, following South Fork and Revolution Wind, that are already underneath building. The Northeast is an rising precedence for Ørsted, together with these tasks, port belongings, a skilled workforce, and provide chain companions,” mentioned David Hardy, Group Govt Vice President and CEO of Area Americas at Ørsted.
Proposed to be constructed within the federal waters off Massachusetts, New York, and Rhode Island, the Dawn Wind offshore wind farm will connect with the grid in Holbrook, New York.
Not too long ago, the US Bureau of Ocean Vitality Administration (BOEM) accomplished its environmental evaluation of the 924 MW challenge.
Initially, the challenge plan Ørsted and Eversource submitted for Dawn Wind included as much as 94 wind generators that make up the challenge’s put in capability of 924 MW. Nonetheless, throughout its environmental evaluation, BOEM developed a most well-liked different that features 84 generators, in response to feedback from authorities companions, key stakeholders, and the general public, and after contemplating challenge feasibility.
If awarded within the New York fourth solicitation, Dawn Wind is anticipated to be accomplished in 2026, serving to New York obtain its purpose of reaching 70 per cent renewable vitality by 2030.
The challenge’s design has been reviewed and accepted by all related state businesses, and Dawn Wind has secured all main provider and challenge labor agreements to start building shortly after the award. Last federal permits are anticipated this summer season.
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