New London State Pier Project Takes Step Forward

NEW LONDON, CT — The city of New London and and the Ørsted/Eversource Joint Venture have signed an agreement to facilitate redevelopment of State Pier. The move was called a "critical milestone in the state’s quest to become a national leader in offshore wind development" in a statement from Gov. Ned Lamont.

The agreement guarantees at least $5.25 million in payments to the city of New London over the next seven years. The agreement also provides for the city’s revenue to increase as Connecticut’s use of renewable offshore wind expands over the next decade.

The project is intended to turn State Pier into a "modern, heavy-lift facility capable of supporting offshore wind turbine staging and assembly and a broader range of cargo businesses."

"Today’s agreement makes Connecticut’s role as a leader in the offshore wind industry official, with New London now poised to become the premier commercial east coast hub for this sector and our state set to become a leader in the transition to renewable energy and the fight against climate change," Lamont said in a statement.

The state kicked off the project in 2018 with $30 million in funding for offshore wind energy projects.

See related: State Restructures New London Pier Deal