The joint venture of Ørsted and Eversource has made the final investment decision on the 130MW South Fork Wind Offshore Windfarm in New York.

The move comes after the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) approved the construction of the wind power project in November last year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, South Fork secured the final approval for its construction and operations plan from BOEM.

Ørsted deputy group CEO and chief commercial officer Martin Neubert said: “I’m very pleased we’re able to approve our first final investment decision on a US offshore wind project and be at the forefront to contribute to New York’s ambitious offshore wind goals.

“The US represents an important growth market for us, and with seven already-awarded US projects accounting for approximately 5GW of clean offshore wind energy, Ørsted is leading the growth of a new sustainable industry that will create jobs and economic development along the East Coast and across the US.”

South Fork will be located around 35 miles east of Montauk Point, offshore from Long Island, and will feature 12 11MW Siemens Gamesa turbines.

Expected to come online next year, the project is set to be New York’s first offshore wind farm.

It will generate enough electricity to power 70,000 homes and help the state meet its target of installing 9GW of offshore wind power capacity by 2035.

Long Island Power Authority (LIPA) CEO Thomas Falcone said: “In 2017, the forward-thinking approach of the LIPA Board of Trustees led to the approval of the South Fork Wind project at a time when there were no other power purchase agreements for offshore wind in the country.

“As the first offshore wind farm in New York, South Fork Wind is the beginning of a new industry that will be vital to New York meeting its goal of a zero-carbon electric grid by 2040.”