Benzinga | Dec 4, 2020 08:02AM EST

PSEG To Acquire 25% Ownership Interest In Offshore Wind Farm Ocean Wind

NEWARK, N.J., Dec. 4, 2020 /PRNewswire/ -- Public Service Enterprise Group (PSEG) today announced it has entered into a definitive agreement with ?rsted North America (?rsted) to acquire a 25% interest in the 1,100-megawatt Ocean Wind project. This alliance, combining ?rsted's global expertise in offshore wind with PSEG's state and regional experience executing complex energy infrastructure projects and power market knowledge, will benefit New Jersey's development of an offshore wind supply chain, job creation efforts and environmental stewardship.