Tuesday, October 29, 2019 6:05 pm EDT

Dateline:

NEWARK, NJ and BOSTON, MA

Today, Ørsted 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 Ørsted’s offshore wind projects. Subject to negotiations toward a joint venture agreement, advanced due diligence and any required regulatory approvals, PSEG would acquire 25% of Ocean Wind.

To read the full press release please click on the .pdf below.