Eversource Energy plans to sell stakes in offshore-wind projects, and seek a buyer for water business, to refocus on electricity and natural gas in the US Northeast.

Eversource Energy plans to exit its offshore-wind and water businesses to refocus on delivering electricity and natural gas to customers in the US Northeast. The company will sell its 50% stakes in three US offshore-wind projects to Global Infrastructure Partners LP and seek a buyer for its Aquarion water-distribution business. This move aims to simplify operations and align with the trend among US utilities to shed assets and focus on core, regulated energy-providing functions.

February 14, 2024
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