Eversource is planning to sell its stake in an undeveloped offshore wind development site off the south coast of Massachusetts.
The utility has reportedly agreed to a 625-million-dollar all cash deal with Danish energy company Orsted for a 50-percent interest in 175-thousand acres 25 miles out to sea that are open for development.
Orsted just happens to own the other 50-percent.
The deal is expected to close by the end of September.
(Photo by Sean Gallup/Getty Images)
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