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Eversource Energy to sell stake in offshore wind lease area for $625M

May 25, 2023 4:52 PM ETEversource Energy (ES)DNNGYBy: Carl Surran, SA News Editor
Large white windmills in the sea with a sailboat

PARETO/E+ via Getty Images

Eversource Energy (NYSE:ES) said Thursday it agreed to sell its 50% interest in a currently uncontracted wind development lease area of ~175K acres off the Massachusetts coast to Ørsted (OTCPK:DNNGY) for $625M in cash; Ørsted currently owns the

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