Status:                  Clearance

Acquirer:              Ørsted A/S (Denmark)

Acquired:             Uncommitted lease area for wind development from Eversource Energy (U.S.)

Value:                    $625 million

Industry Tags:    Energy

“On May 25, 2023, Eversource [Energy] entered into a purchase and sale agreement with Ørsted [A/S] for its 50 percent interest in an uncommitted lease area of approximately 175,000 developable acres located 25 miles off the south coast of Massachusetts for $625 million in an all-cash transaction. Ørsted currently owns the other 50 percent share of the uncommitted lease area.” (Press Release, Eversource Energy Form 8-K, Ex-99.1, May 25, 2023.) On September 7, 2023, Eversource Energy “announced that it has completed its sale of the uncommitted lease area of approximately 175,000 developable acres located 25 miles off the south coast of Massachusetts to Ørsted for $625 million in an all-cash transaction. The transaction, which was announced on May 25, 2023, closed today following approval from the Committee on Foreign Investment in the United States.”  (Press Release, Eversource Energy Form 8-K, Ex-99.1, Sept. 7, 2023.)