The 704 megawatt Revolution Wind offshore wind farm off southern New England has reached full commercial operations, developer Orsted confirmed in its third quarter results on November 5. The project achieved commercial operations in October, after the last of its 65 Siemens Gamesa turbines was installed in September.
Revolution Wind is owned by Orsted and Skyborn Renewables, a Global Infrastructure Partners portfolio company, in a 50-50 joint venture. It is contracted under fixed price, 20 year power purchase agreements to supply 400 MW to Rhode Island and 304 MW to Connecticut utilities Eversource and United Illuminating, at about 99 dollars per megawatt hour for the Connecticut share, and is expected to generate enough electricity for more than 350,000 homes and businesses. First power was delivered to the New England grid in March 2026.
Eversource, the project’s original development partner, sold its 50 percent stakes in three offshore wind projects including Revolution Wind in 2024. Chief executive Joseph Nolan told a November 6 earnings call that full operation significantly reduces Eversource’s risk of additional financial obligations for the project. As of June the company had set aside about 409 million dollars for potential obligations related to the wind farms sold to Global Infrastructure Partners, and it expects to close out contractual obligations with GIP next year.
Nolan also said ISO New England has selected a 2.2 billion dollar joint transmission proposal from Eversource and Avangrid to bolster the grid in the Boston area, of which Eversource has a 700 million dollar share. That project and a proposed 1 billion dollar advanced metering programme in Connecticut are not included in Eversource’s current 26.5 billion dollar capital spending plan. The Revolution Wind project was delayed during construction by two stop work orders issued by the Trump administration.