Tag: Project Development

Ørsted Acquires Deepwater Wind for $510 Million

On Monday, global offshore wind leader Ørsted announced that it had entered into an agreement to acquire a 100 percent of Rhode Island-based Deepwater Wind at a purchase price of US $510 million. Deepwater wind built the first U.S. offshore wind farm — the 30-MW Block Island Wind — and is currently constructing two additional facilities off Long Island, New York (South Fork at 90 MW) and Connecticut (Revolution Wind at 600 MW).

Top 4 Trends in the U.S. Wind Market

Wind power capacity in the United States continued to experience strong growth in 2017 due to the production tax credit, various state-level policies, and improvements in the cost and performance of wind power technologies, yielding low-priced wind ene…