Denmark - based Orsted has agreed to buy US offshore wind developer Deepwater Wind for $ 510 m . The agreement includes the 30 MW Long Island project - the US ' only working offshore wind farm - as well as a 3 GW pipeline of projects offshore Connecticut , Maryland and New York . In a statement Monday, Orsted said that the purchase price for the deal was $510 million. With the addition of Deepwater Wind , which was previously owned by hedge fund DE Shaw , Orsted 's potential US offshore wind portfolio will stand at roughly 10 GW . Deepwater Wind will be re - named as US Offshore Wind , it said . The deal , which is subject to regulatory approval , is expected to close by year - end .
Denmark - based Orsted has agreed to buy US offshore wind developer Deepwater Wind for $ 510 m . The agreement includes the 30 MW Long Island project - the US ' only working offshore wind farm - as well as a 3 GW pipeline of projects offshore Connecticut , Maryland and New York . With the addition of Deepwater Wind , which was previously owned by hedge fund DE Shaw , Orsted 's potential US offshore wind portfolio will stand at roughly 10 GW . Deepwater Wind will be re - named as US Offshore Wind , it said . The deal , which is subject to regulatory approval , is expected to close by year - end .