Ørsted receives approval for major offshore wind project in the US

US regulators greenlight the construction of the Revolution Wind offshore wind farm that Ørsted will build with Eversource.
Revolution Wind is a 704 megawatt (MW) offshore wind project jointly owned by Ørsted and Eversource. | Photo: Phil Noble/Reuters/Ritzau Scanpix
Revolution Wind is a 704 megawatt (MW) offshore wind project jointly owned by Ørsted and Eversource. | Photo: Phil Noble/Reuters/Ritzau Scanpix
By Marketwire and ShippingWatch

Ørsted has received a positive, so-called record of decision from US federal authorities for the construction of Revolution Wind, according to a press release from the Bureau of Ocean Energy Management (BOEM).

Revolution Wind is a 704 megawatt (MW) offshore wind project jointly owned by Ørsted and Eversource that, subject to a final investment decision, will be constructed off the coast of Rhode Island.

The project is shared by the states of Rhode Island and Connecticut which will receive power from 400 and 304 megawatts respectively.

Tuesday’s authorization is the fourth from BOEM during President Joe Biden’s tenure. Biden’s administration has a goal to build 30 gigawatts (GW) of offshore capacity by 2030. 

Ørsted is involved in two of the other offshore wind projects that have been approved, South Fork and Ocean Wind 1, while Copenhagen Infrastructure Partners (CIP) is involved in the fourth, Vineyard Wind.

Ørsted and Eversource are also jointly developing the Sunrise Wind project, which is expected to receive BOEM approval later this year, according to Recharge News.

There are currently many plans to build offshore wind farms around the world - in Europe, but also in Asia, South America and the US. 

As a result, offshore shipping companies, which make their living by erecting wind turbines at sea, are expecting a busy market in the coming years. 

Recently, two of the largest offshore wind shipping companies — Eneti and Cadeler — merged. Danish Mikkel Gleerup is its CEO, and the new company wants to tap into the growing global demand.

(Translated using DeepL with additional editing by Christian Radich Hoffman)

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