East Setauket, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement that will provide economic development incentives for a facility that will house operations and maintenance for Ørsted North America Inc. and Eversource Investment LLC, joint venture partners.
The benefits, approved by the IDA at its November 16, 2022, meeting, will assist Sunrise Wind LLC in redeveloping a vacant 59,525 s/f building on 4.5 acres at 22 Research Way.
When complete, Sunrise Wind will provide 924 megawatts of offshore wind energy to the Empire State–enough to power nearly 600,000 homes. In addition, the facility will be used to help support the joint venture’s broader portfolio of wind farms in the Northeast including South Fork Wind and Revolution Wind. Together, the portfolio will provide more than 1.7 gigawatts of clean, renewable energy to the region including more than a gigawatt of renewable energy for New York specifically.
The $37.8 million East Setauket project is expected to be completed in 2024.
The Research Way facility will be renovated to include custom office and warehouse space to handle marine coordination, contract and site management, as well as spare parts storage, among other activities. It also will house members of Sunrise Wind’s permanent staff. The developers anticipate employing 65 workers at the facility within two years of its completion. Sunrise Wind is a joint venture of Ørsted A/S, a global renewable energy leader, and Eversource Energy, New England’s largest energy delivery company .
“We’re extremely pleased that Sunrise Wind is locating its operations facility in the Town of Brookhaven, playing a key role in the Town’s clean energy leadership. This project will bring new investment to the town and many good-paying jobs,” said Braun. “We are proud to work with Ørsted and Eversource on their Sunrise Wind project and look forward to seeing this new operations and maintenance facility provide critical support for the regional development of offshore wind.
The closing took place on December 30, 2022.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.