Construction Equipment Guide
470 Maryland Drive
Fort Washington, PA 19034
800-523-2200
Thu January 17, 2019 - Northeast Edition #2
Ørsted US Offshore Wind has received approval from Connecticut regulators of its 20-year power-purchase agreement for the Revolution Wind offshore wind farm.
Connecticut's Public Utilities Regulatory Authority approved Ørsted's long-term power-purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for the 200 megawatts of clean energy that Revolution Wind will deliver to Connecticut. That's enough renewable energy to power 100,000 Connecticut homes and to displace six million tons of greenhouse gas emissions.
"Connecticut is now an important player in America's offshore wind industry," said Jeffrey Grybowski, co-CEO of Ørsted US Offshore Wind. "We're proud to be building the state's first offshore wind farm. We're ready to make major investments in our local workforce and in the Port of New London to ramp up this project."
With the power contract now finalized, Ørsted will accelerate development work on Revolution Wind. Offshore installation work on Revolution Wind will begin in 2022, with the project in operation in 2023. Offshore oceanographic and geophysical survey work already began in 2018.
Deepwater Wind — now Ørsted US Offshore Wind — committed to investing at least $15 million in the Port of New London to allow substantial aspects of Revolution Wind to be constructed in New London. The company also plans to open a development office in New London and use a Connecticut-based boat builder to construct one for the project's crew transfer vessels in Connecticut. The project is expected to create more than 1,400 direct, indirect and induced jobs.
Connecticut Gov. Dannel P. Malloy and the Department of Energy and Environmental Protection selected Ørsted US Offshore Wind's (then Deepwater Wind) Revolution Wind in June in the state's first procurement for offshore wind energy.
Revolution Wind, located in federal waters roughly halfway between Montauk, N.Y., and Martha's Vineyard, Mass., is designed to serve as regional energy center. Rhode Island separately selected 400MW from Revolution Wind to power that state.
Ørsted acquired Deepwater Wind in October. The new combined organization — Ørsted US Offshore Wind — will be able to deliver clean energy to every coastal state in the densely-populated east coast corridor between Massachusetts and Virginia. Seven states in that region have already committed to build more than 10GW of offshore wind capacity by 2030.
The new company launches as the clear leader in the U.S. market, with the most comprehensive geographic coverage and the largest pipeline of development capacity, totaling over 8GW, according to the company.
Ørsted US Offshore Wind is joint headquartered in Boston, Mass., and Providence, R.I.
Ørsted has created a leading U.S. offshore wind platform with a comprehensive geographic coverage and large pipeline. Ørsted US Offshore Wind can deliver clean energy to the seven states on the U.S. East Coast that have already committed to building a total of more than 10GW of offshore wind capacity by 2030.
Ørsted's US offshore wind farms in operation (30MW in total):
Ørsted's US offshore wind development projects with revenue contracts awarded or under negotiation (840MW in total):
Ørsted's future offshore wind development projects in the United States (can potentially be developed into a total capacity of approx. 8GW):
Ørsted recently acquired Lincoln Clean Energy, a leading U.S. developer of onshore wind farms. In addition, Ørsted is active in battery storage and solar development and last year established an office in Austin, Texas, to lead those efforts.
As the world leader in offshore wind, Ørsted operates more than 1,100 offshore wind turbines. Ørsted has installed approx. 5.6GW offshore wind capacity and has a further 3.4GW under construction. In addition, Ørsted has secured the rights to build approx. 0.9GW offshore wind in the United States by 2023, approximately 1.1GW in Germany by 2025, and approximately 1.8GW in Taiwan on two projects to be built in 2021 and 2025. It is Ørsted's ambition to have installed a total of 15GW offshore wind capacity world-wide by 2025.