Revolution Wind
Located ~32 km southeast of Point Judith, Rhode Island and ~52 km southeast of New London, CT. First multi-state offshore wind project in the US.
Status
Under Constructionlifecycle stage
DeliveringHafrok completion outlook
Ownership
Ørsted — 50% ◆
Skyborn Renewables (GIP) — 50% ◆Location
United StatesNorthwest Atlantic
Technology
Capacity
704 MW ◆
Turbines
65 × 11 MW ◆
Model
Siemens Gamesa SG 11-0-200 DD ◆
Foundation
Monopile ◆
Site & conditions
Site rights
Seabed rights held ∴
Origination
BOEM Lease Sale 2 · 2013 ·
Water depth
29–43 m ≈
Wind speed
9.9 m/s @ 150 m ≈
Revenue & grid
Offtake
PPA ◆
Grid
Secured · 2023 ◆
Connection
Davisville Substation, North Kingstown, Rhode Island; ISO-NE … ◆
Schedule
FID
Nov 2023 ◆
COD · announced
2026-H2 ◆
COD · Hafrok
2026 expected
Delivery outlook modelled by Hafrok · calibrated on delivered projects
2026
expected year of commercial operation
Chance of delivery
≈98%
estimated chance this project reaches commercial operation
Under Construction projects complete ≈97% of the time on Hafrok's record. A secured offtake contract lifts this one slightly; a market with a thinner delivery record, its size and technical complexity pull a little the other way.
COD outlook
If it completes, when — Hafrok’s probability by year (teal) · the developer’s COD guidance, by date stated (ink)
| Year | Probability |
|---|---|
| 2025 | 1.3% |
| 2026 (expected) | 75.4% |
| 2027 | 21.7% |
| 2028 | 1.6% |
| Stated | Announced COD |
|---|---|
| 2018-12-20 | 2023 |
| 2023-11-01 | 2025 |
| 2024-08-15 | 2026 |
| 2026-05 | 2026-H2 (held since 2025-Q1, 5 statements) |
How Hafrok got this date
1
Starting point: the last dated milestone
Construction start in
2024. From there Hafrok adds how long similar projects (in developing offshore-wind markets) took to reach commercial operation, measured on projects that have delivered.2
Typical timing
Starting point plus the typical remaining time gives a middle estimate of
2026 Q3; the faster quarter of similar projects would be done by 2025 Q3, the slower quarter not until 2027 Q1.3
Result
Expected commercial operation
2026, likely range 2026–2027 (the middle half of outcomes for similar projects). The developer's announced date falls inside that likely range, so the announced date is adopted.4
Year-by-year chart
The bars spread that estimate across years using how similar projects actually slipped against their dates — more often late than early, which is why the bars lean right.
5
Chance of delivery — separate from timing
Start from the share of Under Construction projects that went on to complete — ≈97%, measured on Hafrok's record of delivered and abandoned projects, with an allowance held back where that record cannot yet speak (projects still unresolved, changed market conditions). Based on the measured record — all 257 construction starts with a final outcome reached operation — adjusted down for projects still mid-build and for legal-challenge risk. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈98%, which rates it
Delivering on Hafrok's four-step delivery scale (Delivering · Expected · Prospective · Fragile).Project timeline & ownership verified milestones on the spine · ownership from Hafrok’s transactions record
Origination · 2013-07
BOEM Lease Sale 2
- Awarded to
- Deepwater Wind New England, LLC
- Zone
- OCS-A 0486 + OCS-A 0487 (RI/MA WEA, North + South)
- Lease
- OCS-A 0486 + OCS-A 0487
- Basis
- seabed award
From the auction results — the round that created the project.
Corporate · 2018-10
Deepwater Wind (D.E. Shaw Group) → Ørsted 100%
- Stake
- 100%
- Consideration
- not disclosed
- Announced
- 2018-10
- Closed
- 2018-11
- Project stage
- early development
Revolution Wind was acquired by Ørsted as part of the USD 510 million Deepwater Wind portfolio acquisition (announced October 2018, closed November 2018). Revolution Wind was in early development at the time (~700 MW capacity, with the Deepwater Wind announcement referencing it at 600 MW, later grown to 704 MW). The USD 510 million covered the entire Deepwater Wind portfolio; no individual project allocation possible. See Block Island Wind Farm and South Fork Wind records for full context.
Evidence
- orsted.com — Ørsted acquires Deepwater Wind and creates leading US offshore wind platform ↗ 2018-10 ◆ held
- offshoreWIND.biz — Ørsted Completes Deepwater Wind Takeover ↗ 2018-10 ◆ held
From Hafrok’s transactions record
Farmdown · 2019-02
Ørsted → Eversource 50%
- Stake
- 50%
- Consideration
- not disclosed
- Announced
- 2019-02
- Closed
- 2019-Q2
- Project stage
- early development
Ørsted divested 50% stakes in Revolution Wind and South Fork Wind (plus two undeveloped New England offshore lease areas) to Eversource Energy for a combined consideration of approximately USD 225 million. Announced February 8, 2019. The USD 225 million consideration covered all four assets and cannot be disaggregated by project; individual implied values are not calculable. Post-transaction, Revolution Wind was held 50% Ørsted / 50% Eversource. Revolution Wind and Eversource took FID in November 2023 at which time construction commenced; COD expected 2024-2025. See South Fork Wind companion record for full farmdown context. (USD 225m ~ EUR 198m @ USD/EUR 1.1351 2019-02 ECB avg.)
Evidence
- orsted.com — Ørsted divests 50% of South Fork, Revolution Wind and two New England offshore wind lease areas to Eversource ↗ 2019-02 ◆ held
- power-technology.com — Ørsted divests 50% of US offshore wind assets for $225m ↗ 2019-02 ◆ held
- orsted.com — Ørsted divests 50% of South Fork, Revolution Wind and two New England offshore wind lease areas to Eversource ↗ 2019-02 ◆ held
From Hafrok’s transactions record
Acquisition · 2024-02
Eversource → GIP (Skyborn Renewables) 50%
- Stake
- 50%
- Consideration
- not disclosed
- Announced
- 2024-02
- Closed
- 2024-09
- Project stage
- under construction
Eversource agreed in February 2024 to sell its combined 50% stakes in Revolution Wind and South Fork Wind to Global Infrastructure Partners (GIP) for an announced price of approximately USD 1.12 billion. The transaction closed September 30, 2024. Actual adjusted gross proceeds were USD 745 million, reduced by approximately USD 375 million versus the announced price — split approximately USD 150 million due to lower capital spending and USD 225 million due to delay in Revolution Wind's commercial operation date (Revolution Wind was still under construction at closing). Revolution Wind was at FID / under-construction stage at announcement. The combined USD 745 million cannot be disaggregated between Revolution Wind and South Fork Wind; per-project implied values are not calculable. See South Fork Wind companion record for full deal context and sources. Post-closing, GIP/Skyborn holds 50% and Ørsted retains 50%.
Evidence
- businesswire.com — Eversource Energy Announces Pathway to Fully Exit its Offshore Wind Investments Pursuant to Agreement with Global Infrastructure Partners to Sell Revolution Wind and South Fork Wind Projects ↗ 2024-02 ◆ held
- businesswire.com — Eversource Energy Completes Exit of Offshore Wind Business ↗ 2024-02 ◆ held
- Ørsted — Ørsted and GIP’s Skyborn Renewables Launch Joint Venture Partnership in South Fork Wind and Revolution Wind ↗ ◆ held
- Eversource — Eversource — SEC Form 10-Q for the period ended 2024-09-30 (filed 2024-11-06) ↗ 2024-11-06 ◆ held
From Hafrok’s transactions record
Dashed tick marks today (13 Oct 2026). The teal diamond on the spine is origination — the seabed award or round that created the project. Every other ownership event lives in the band below: one station per recorded deal, dated at its label, in deal order rather than to calendar scale. Secondary trades appear only at the interchanges; grey lines are parties whose entry or exit Hafrok’s record does not hold.
Announced COD: slipped so far +3.2 yr (first announced 2023) · the full guidance history is in the delivery chart above
Revenue & offtake contract duration and price levels · money of the day
704 MW contracted — utility PPA
● Utility PPA · Connecticut Offshore Wind Procurement (Revolution Wind; PA 17-144 Clean Energy RFP 200 MW + PA 17-3 Zero-Carbon RFP ~100 MW)
Price$99.5/MWh ·Capacity304 MWAwarded2018● Utility PPA · Rhode Island Offshore Wind Procurement (2018, National Grid)
Price$98.4/MWh ·Capacity400 MWAwarded2018Installation how the build is going · from sourced statements and Hafrok’s registers
Installation under way
Installation · on record
StageUnder Construction
Offshore constructionstarted 2024-05
Turbinesnot reportedshown when the developer reports a dated count
Expected start of operation2026-H2
Construction ports
PortPort of New London ◆marshalling
Installation contracts
TurbinesWind Scylla◇Cadeler · turbine installation vessel · CompletedGrid connection
from Hafrok’s substation, converter and cable registers
Offshore platforms · 2
Offshore substationRevolution Wind Offshore Substation 1 (OSS)·owner Revolution Wind, LLC (Ørsted 50% / Skyborn Renewables (GIP) 50%)
Offshore substationRevolution Wind Offshore Substation 2 (OSS)·owner Revolution Wind, LLC (Ørsted 50% / Skyborn Renewables (GIP) 50%)
Grid connection · ready in time?
when each part of the grid connection is due, against the start date the developer states (black line) and the year Hafrok expects (teal band) · a bar spans the whole year, quarter or month the source gives
installed or in serviceexpected deliveryearlier date that was later moved
Sources & verification
Rests on 19 sources (23 primary) · ◆ 16 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Regulator3
[1]
Bureau of Ocean Energy Management (joint BOEM/NMFS/USACE)2023-08-21◆ Revolution Wind Record of Decision (OCS-…
“The Proposed Action will construct and install, operate, maintain, and include the eventual decommissioning of a wind energy facility within the Project Design Envelope (PDE) and implementation of app…”
supportsConsentTotal capacityStatusConnection pointConsent applied+1 more
[2]
Bureau of Ocean Energy Management2023-11-17◆ Revolution Wind COP approval letter
“On Nov. 17, 2023, the Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP), as modified by the selected alternative in the Record of Decision, for the Revolutio…”
supportsConsentConsent appliedConsent granted
[32]
Bureau of Ocean Energy Management (BOEM)2026-08-23◆ US BOEM offshore-wind register (FR docum…
“Lease row OCS-A 0486: companies ['Revolution Wind, LLC']; lease_dates ['10/01/2013']; lease_terms ['25 Years']; states ['Rhode Island / Massachusetts']; block_count 174.”
supportsRegister entry
Operator9
[3]
Ørsted2018-12◆ Connecticut Regulators Approve Revolutio…
“Connecticut's Public Utilities Regulatory Authority today approved Ørsted's long-term power-purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for the 200 megawatts…”
supportsMechanismDetailmarshalling
[4]
Ørsted2025-08-22◆ Revolution Wind receives offshore stop-w…
“On 22 August 2025, Ørsted's subsidiary Revolution Wind LLC, a 50/50 joint venture with Global Infrastructure Partner's Skyborn Renewables, received an order instructing the project to stop activities …”
supportsTurbinesFoundation
[5]
Ørsted2025-12-22◆ Revolution Wind and Sunrise Wind receive…
“On 22 December 2025, Revolution Wind LLC, a 50/50 joint venture with Global Infrastructure Partners' Skyborn Renewables, and Sunrise Wind LLC, a fully-owned subsidiary, received orders from the U.S. D…”
supportsoperatorco-owner
[6]
Ørsted2026-01-02◆ Revolution Wind LLC to file Preliminary …
“The Project, now approximately 87 percent complete, has already installed all offshore foundations and 58 of 65 wind turbines. Export cable installation is complete, and both offshore substations have…”
supportsStatusConnection pointmarshalling
[7]
Ørsted2026-03-14◆ Revolution Wind begins delivering power …
“Revolution Wind, LLC, a 50/50 joint venture between Global Infrastructure Partners' Skyborn Renewables and Ørsted, announced today that the Revolution Wind project has started delivering power to New …”
supportsFirst power
[8]
Ørsted2024-02◆ Ørsted Annual Report 2023
“In the US, we took FID on the 704 MW Revolution Wind project, which we own in a 50/50 partnership with Eversource Energy. Onshore construction has started, and offshore construction will start in 2024…”
supportsFinal investment decisionOnshore constructionOffshore construction
[13]
Ørsted2026-05◆ Ørsted IR presentation Q1 2026
“Revolution Wind. Location US. Capacity 704 MW. Offtake contract: Nominal offtake with state of Rhode Island and Connecticut. Commercial operation date H2 2026. Degree of completion ~94 %, up from 87 %…”
supportsCommercial operationCOD historyTurbinesModelUnit capacity
[29]
Ørsted2026-Q2◆ Orsted — orsted q2 2026 ir presentation
“Borkum Riffgrund 3 Changhua 2b and 4 Revolution Wind Sunrise Wind Baltica 2 Hornsea 3 / BESS Capacity1 913 MW 920 MW 704 MW 924 MW 1,498 MW 2,852 MW / 300 MW COD Q3 2026 Q3 2026 H2 2026 H2 2027 H2 20…”
supportsBackground
[34]
Revolution Wind (Ørsted / Eversource)2024-05-15◆ Revolution Wind Achieves First Steel in …
“RHODE ISLAND / CONNECTICUT – MAY 15, 2024 – Revolution Wind has achieved its “steel in the water” milestone with the installation of the project’s first turbine foundation, a momentous milestone for R…”
supportsOnshore constructionOffshore construction
Auction results2
[35]
Connecticut General Assembly2017◆ us-ct-pa-17-144
Connecticut Public Act 17-144 - the procurement authority for the 2018 Revolution Wind selection.
supportsUtility PPA · Connecticut Offshore Wind Procurement (Revolution Wind; PA 17-144 Clean Energy RFP 200 MW + PA 17-3 Zero-Carbon RFP ~100 MW)
[36]
Wikipedia (citing RI PUC docket)2024◆ ri-rev-2018-puc
The RI PPA secures 400 MW over 20 years; National Grid pays 9.84 c/kWh. (Wikipedia citing the RI PUC docket; price not re-verified against the primary order.)
supportsUtility PPA · Rhode Island Offshore Wind Procurement (2018, National Grid)
Record source1
[37]
offshore-energy.biz / offshoreWIND.biz2026-04-17◆ oe-sunrise-first-turbine-2026-04
Press report — cited, not quoted; read it at the source link.
supportsWind Scylla — turbine installation
Trade press4
[14]
[15]
[18]
[28]
Ørsted A/S2025-Q3◆ Ørsted Q3 2025 earnings call transcript
“First power is expected during the first half of 2026, and the project remains on track for commissioning in the second half of 2026.”
supportsCommercial operation