PSEG and Ørsted complete PSEG’s acquisition of 25 per cent interest in Ocean Wind

PSEG and Ørsted have announced that they have completed the acquisition of a 25 per cent equity interest in Ocean Wind. Announced in December 2020, PSEG’s investment in Ocean Wind received approval from the New Jersey Board of Public Utilities in March 2021. Ocean Wind is a 1,100 MW offshore wind farm located 15 miles off the coast of southern New Jersey.

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