Eversource, Orsted win bid for updated Sunrise Wind project in New York

New York State has selected Orsted (DNNGY) and Eversource (ES) to negotiate a new 25-year contract for their Sunrise Wind offshore wind farm. This conditional award brings the 924-megawatt project one critical step closer to fulfilling its promise to deliver substantial economic benefits across New York and help the state meet its climate goals, the companies said in a statement. Sunrise Wind will now begin the next steps of finalizing agreements with New York’s energy agency, New York State Energy Research and Development Authority, on the OREC contract. The project is anticipated to be operational in 2026 and will begin the full scope of construction once it has received all federal permits, slated for this summer. The final investment decision on Sunrise Wind is expected to be made in the second quarter of 2024.