Bay State Wind Submits Bid to Build Massachusetts’ First Offshore Wind Farm

Global leader in offshore wind development and New England’s
largest energy company propose to build commercial-scale wind farm to
create cost-effective clean energy and job creation in the commonwealth

BOSTON–(BUSINESS WIRE)–Bay State Wind, the partnership between Ørsted (formerly DONG Energy)
and Eversource, today submitted their bid in response to the
commonwealth’s first RFP for offshore wind energy generation. Ørsted, a
world leader in wind energy, has pioneered and refined the approach to
developing and constructing offshore wind farms since it launched the
world’s first offshore wind farm in 1991. Eversource, New England’s
largest energy provider, has led the region in the development of its
electrical transmission network and will develop and construct the
project’s onshore transmission system. Together the two companies bring
their technical acumen, strong environmental record and unbeatable
financial capacity to bear, creating an industry-leading offshore wind
project for Massachusetts.

As included in its proposal, the Bay State Wind project will:

• Create up to 1200 new jobs within the commonwealth during
construction and up to 10,800 direct and indirect jobs over the
life of the project

• Provide 500,000 Massachusetts homes with clean, reliable and
stable-priced power

• Deliver $300 million in savings per year in lower winter power
costs

• Generate $30 million in lease payments, fees and taxes that
will support local government functions over the operational lifespan

• Make $1 billion direct investment in the commonwealth

• Commit $17.5 million to support the commonwealth’s cornerstone
programs for low income families

• Support the construction of the first purpose-built Jones
Act-compliant installation and transportation vessels that will
enable the greater utilization of Massachusetts ports and harbor
facilities

• Promote and work with Massachusetts-based advanced manufacturing
firms, as well as the many global industry leaders that have committed
to working with Bay State Wind

• Partner with local educational institutions to develop and train the
future offshore wind workforce

The project, which will be located 25 miles off of New Bedford,
will be a significant distance away from the coast and residential
communities. It will also include a 55 MW battery storage
solution, the largest battery storage system ever deployed in
conjunction with a wind farm, helping to ensure power is available
during peak hours when it is needed most.

“Bay State Wind is the most experienced, dependable partner to help
Massachusetts realize its ambitions of becoming the hub for offshore
wind development in North America,” said Ørsted President of North
America Thomas Brostrøm. “The partnership between Ørsted and Eversource
brings together local experience, international expertise and unbeatable
financial strength. This project is poised to be the most
technologically advanced offshore wind farm providing energy at the
lowest cost to consumers, all while bringing significant environmental
and community benefits.”

“We are confident that this bid represents the commonwealth’s strongest
opportunity to meet its clean energy goals and lead the country in
offshore wind development,” said Eversource Vice President of Business
Development Mike Auseré. “By capturing New England’s powerful and
consistent offshore wind resource through the most advanced generation
and transmission technology, we can provide clean electricity directly
to the region. Additionally, Massachusetts will see major new
investment, job creation, and an increase in tax revenues to support
public services.”

New Bedford will serve as the staging area for construction, as well as
the operations and maintenance base throughout the lifetime of the wind
farm. Bay State Wind opened a New Bedford office in November, where
community collaboration and engagement activities will be overseen. An
onshore substation is planned in Somerset, where the project will
deliver its energy to the commonwealth and where the battery storage
solution will be developed.

Bay State Wind launched its partnership to jointly develop, construct
and operate the utility-scale offshore wind project in December 2016.
Over the last year, Bay State Wind has added talented staff and
expertise from both Ørsted and Eversource in order to develop the
strongest possible bid for the proposed state-of-the-art offshore wind
project.

To view our video, please click here.

About Ørsted

The Ørsted vision is a world that runs entirely on green energy. Ørsted
develops, constructs and operates offshore wind farms, bioenergy plants
and innovative waste-to-energy solutions and provides smart energy
products to its customers. Headquartered in Denmark, Ørsted employs
5,600 people. Ørsted's shares are listed on Nasdaq Copenhagen [Ørsted as
of 31 October]. In 2016, the company's revenue was DKK 61 billion (EUR
8.2 billion). For more information on Ørsted, visit orsted.com or follow
us on Facebook, LinkedIn, Instagram and Twitter. Ørsted’s North American
headquarters is based in Boston, Massachusetts.

About Eversource

Eversource (NYSE: ES) transmits and delivers electricity and natural gas
and supplies water to approximately 4 million customers in Connecticut,
Massachusetts and New Hampshire. Recognized as the top U.S. utility for
its energy efficiency programs by the sustainability advocacy
organization Ceres, Eversource harnesses the commitment of its more than
8,300 employees across three states to build a single, united company
around the mission of safely delivering reliable energy and water with
superior customer service. For more information, please visit our
website (www.eversource.com)
and follow us on Twitter (@EversourceCorp) and Facebook
(facebook.com/EversourceEnergy). For more information on our water
services, visit www.aquarionwater.com.

Contacts

Ørsted North America
Lauren Burm, 617-309-8730
[email protected]
or
Eversource
Caroline
Pretyman, 617-424-2460
[email protected]
or
Mike
Durand, 508-441-5831
[email protected]