Ørsted to buy Deepwater Wind for $510 million

urbines at the Deepwater Wind array off Block Island, R.I. Department of Energy photo.

Denmark-based offshore wind energy developer Ørsted announced it will pay $510 million to acquire Deepwater Wind, the Providence, R.I., company that has the Block Island Wind Farm and half a dozen offshore wind plays off the U.S. East Coast.

“The two companies’ offshore wind assets and organizations will be merged into the leading US offshore wind platform with the most comprehensive geographic coverage and the largest pipeline of development capacity,” Ørsted and Deepwater officials said in a...

https://www.workboat.com/news/offshore/orsted-to-buy-deepwater-wind-for-510-million/

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