Five months ago Denmark’s Orsted was sidelined in New England’s rapidly unfolding offshore wind market, as rival developers Vineyard Wind and Deepwater Wind secured a combined 1.2GW of future capacity in Massachusetts, Rhode Island and Connecticut.
On Monday Orsted vaulted back to centre stage, revealing a $510m deal to buy Deepwater Wind that will see it building an initial trio of projects by 2022, while taking a “portfolio approach” to supply chain decisions as it works through an 8GW+ pipeline in the US over the coming decade, says Thomas Brostrøm, president of Orsted North America.
