Offshore wind giant Ørsted to acquire Deepwater Wind

wind turbine, new jersey energy

MICHELLE BRUNETTI POST / PRESS OF ATLANTIC CITY – The Danish company that wants to build a large-scale offshore wind farm 10 miles from Atlantic City has a deal to acquire competitor Deepwater Wind for $510 million, said its North American President Thomas Brostrøm.

The deal, if approved by federal regulators, would turn competitors for New Jersey subsidies for building the first 1,100 megawatts of offshore wind capacity into cooperators.
Deepwater also holds a federal lease to develop a wind farm that could serve New Jersey, Deepwater’s leader Jeff Grybowski said …

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