Denmark’s Ørsted A/S (CPH:ORSTED) and New England utility Eversource Energy (NYSE:ES) have submitted a proposal for an 884-MW wind farm called Revolution Wind 2 in Rhode Island’s latest offshore wind solicitation.
The joint venture (JV) partners said on Monday that their proposal would bring over USD 2 billion (EUR 1.87bn) in direct economic investments to the state, if selected. The project is also seen to assist Rhode Island in reaching its 2033 goal for 100% clean energy, generating electricity for more than 500,000 local homes.
The project comes with plans to create “hundreds” of local jobs and deliver investments in port improvements and shipbuilding. These will include upgrading existing ports, building new crew transfer vessels and opening an engineering hub.
Ørsted and Eversource are preparing to start building their 704-MW Revolution Wind park this year, some 15 miles (24 km) south of the Rhode Island coast and 32 miles east of the Connecticut coast. The complex, due to go online in 2025, will feed power from 400 MW of its capacity to Rhode Island under a 20-year deal with utility National Grid.
In October 2022, Rhode Island launched a request for proposals (RfP) for offshore wind energy, targeting between 600 MW and 1,000 MW of capacity. Winners are due to be announced in early August.
(USD 1.0 = EUR 0.935)