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PSEG Completes 25 pct Interest Acquisition in Ocean Wind (M&A)
PSEG,Orsted,Ocean Wind
Date: 2021-04-14
PSEG and Orsted are reporting completion of PSEG's acquisition of a 25 pct equity interest in 1,100 MW Ocean Wind offshore wind farm located 15 miles off the coast of southern New Jersey.

In 2019, New Jersey set a goal of 7,500 MW of offshore wind capacity by 2035, a key component of Gov. Phil Murphy's strategy for achieving a 100 pct carbon-free energy supply by 2050. (Source: PSEG, Orsted, PR, 12 Apr., 2021) Contact: PSEG, Carlotta Chan, IR, 973-430-6565, Carlotta.Chan@pseg.com, www.preg.com; Orsted North America, Lauren Burm, 617-309-8730, laubu@orsetd.com, www.orsetd.com

More Low-Carbon Energy News PSEG,  Orsted,  Ocean Wind,  Offshoe Wind,  

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