DONG Energy Wind Power U.S. Inc. and Eversource Announce Partnership to Make Large-Scale Offshore Wind a Reality in the United States

DONG Energy is teaming up with Eversource Energy - the premier transmission builder in New England – who has acquired a 50% ownership interest in Bay State Wind in order to jointly develop the project. 
About Eversource
Eversource (NYSE: ES) transmits and delivers electricity and natural gas to more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource harnesses the commitment of its approximately 8,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and superior customer service.

PRINCETON, NJ (April 4, 2018) – Ørsted, the global leader in offshore wind and the developer of Ocean Wind - an offshore wind farm located 10 miles off the coast of Atlantic City - announced today that they will opening an office in Atlantic City next month. This move demonstrates the company’s commitment to the state of New Jersey and in helping to support the Murphy Administration’s renewable energy goals.

Offshore wind will deliver vital new clean, reliable energy to New Jersey while also creating skilled jobs and cost stability. A typical Ørsted offshore wind project creates approximately 1,000 jobs per year during a 2-3-year construction cycle, and another 100 permanent jobs to support the 25-year life of a typical offshore wind farm.

The Ocean Wind project supports Governor Murphy’s Executive Order directing the New Jersey Board of Public Utilities to fully implement the Offshore Wind Economic Development Act (OWEDA) and begin the process of making the state a leader in offshore wind.

“We are pleased that Governor Murphy has pledged his commitment to bring offshore wind to New Jersey,” said Thomas Brostrøm, President, Ørsted North America. “Our Ocean Wind project will contribute greatly to helping the Governor achieve this goal. This latest step comes on the heels of our work in undertaking geophysical surveys of the leased windfarm area to determine characteristics of the site, so that we can continue developing this project and make it a reality.”

“New Jersey welcomes Ørsted’s choice to grow in New Jersey, a decision that will help create clean energy jobs in the state,” Governor Murphy said. “My administration is committed to building a green economy in New Jersey and it is through investments from companies like Ørsted that this vision will become a reality.”

Ocean Wind will encompass a BOEM lease area of approximately 250 square miles with water depths of 65-100 feet. This area could have the capacity of more than 3000MW, which could provide power to 1.5 million New Jersey homes and businesses. The project leverages Ørsted’s extensive experience in building, constructing and operating off shore wind farms around the world.

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Media Relations
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