Ørsted and Public Service Enterprise Group Enter into Negotiations for Investment in Offshore Wind Farm
Today, rsted and Public Service Enterprise Group (PSEG), a leading energy company with a utility serving 2.3 million New Jersey electricity customers, announced they will enter into exclusive negotiations for PSEG to potentially become an equity investor in one of rsteds offshore wind projects.
- Today, rsted and Public Service Enterprise Group (PSEG), a leading energy company with a utility serving 2.3 million New Jersey electricity customers, announced they will enter into exclusive negotiations for PSEG to potentially become an equity investor in one of rsteds offshore wind projects.
- Subject to permitting and final investment decision, Ocean Wind is expected to be commissioned in 2024.
rsteds experience in the offshore wind industry has taught us the importance of strong partnerships, said Thomas Brostrm, President of rsted North America and CEO of rsted U.S. Offshore Wind. - It operates the Block Island Wind Farm, Americas first offshore wind farm, and has been awarded over 2,900 megawatts of capacity through six projects.
- Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees.