Sunrise Wind receives federal record of decision, takes final investment decision

Ørsted A/S (Orsted) Sunrise Wind receives federal record of decision, takes final investment decision 26-March-2024 / 18:22 CET/CEST 26.3.2024 18:21:55 CET | Ørsted A/S | Investor News

Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York. Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on Sunrise Wind, solidifying the commitment to build the project, and will now advance with some important onshore construction activities.

These major milestones bring the 924 MW project one critical step closer to delivering substantial economic benefits across New York and helping the state meet its climate goals. 

Located approximately 30 miles (48 km) east of Montauk, New York, Sunrise Wind is expected to be the country’s largest offshore wind farm upon completion, generating enough renewable energy to power nearly 600,000 New York homes. 

Sunrise Wind will help New York achieve its mandate of 70 % renewable energy by 2030, while accelerating the state’s growing offshore wind workforce and supply chain. Sunrise Wind will bring USD 700 million of investment to Suffolk County and create 800 direct jobs and thousands of indirect jobs in the state. The project is anticipated to be operational in 2026.

Doreen M. Harris, President and CEO at New York State Energy Research and Development Authority (NYSERDA), said: “These milestones achieved by Ørsted and Eversource on the heels of South Fork Wind entering full operation demonstrate New York’s leadership in building the US offshore wind industry with Sunrise Wind and future projects on their way to generating clean wind energy to power the grid. As the onshore supply chain work moves forward, we’ll continue to see the economic investments in communities from the Capital Region to Long Island come to fruition in the form of good-paying jobs and community benefits that are a critical part of our clean energy transition.”