Oersted Sells 25% Stake in New Jersey Offshore Wind Project
By Dominic Chopping
Danish offshore wind developer Oersted AS said Friday that it
has agreed to sell a 25% stake in its 1,100 megawatt Ocean Wind
offshore wind project to New Jersey's Public Service Enterprise
Oersted's Ocean Wind project was selected in 2019 to build New
Jersey's first large-scale offshore wind farm, located off the
coast of Atlantic City, with the project expected to provide first
power in late 2024.
Financial details weren't disclosed.
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
December 04, 2020 08:39 ET (13:39 GMT)
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