Utility Eversource will take a hit of up to $1.6bn on the value of the US offshore wind projects it jointly owns with Orsted as it advances a planned sale of the stakes to a “leading global private infrastructure investor”.
Eversource announced an expected fourth quarter impairment of $1.4bn-$1.6bn as it updated investors on progress of previously announced sale plans of its 50% ownership of the South Fork, Revolution and Sunrise projects totalling 1.75GW
