Eversource working its way out of wind farm development ventures
5/30/23
Eversource has announced plans to sell its 50 percent stake in offshore wind lease areas totaling 175,000 square miles off the coast of Massachusetts for $625 million to its wind partner, Danish energy giant Orsted.
Last May, Eversource CEO Joe Nolan announced the company was looking to cash in on its offshore wind holdings to pay off company debt and focus on connecting upcoming wind projects to the onshore electric grid.
