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Eversource exits offshore development, with a big loss

Por: The Boston Globe Business May 26, 2023

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Breaking up can be hard to do. Just ask Eversource Energy.The New England utility expects to record a big loss from its offshore wind investments as it exits the business, selling its 50-percent stakes in several ventures it shares with Danish energy company Ørsted. Eversource announced a year ago that it hired investment bank Goldman Sachs and law firm Ropes & Gray to explore whether to sell these stakes.After taking much longer than expected,... + full article



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