05:21 PM EDT, 09/30/2024 (MT Newswires) -- Eversource Energy ( ES ) said Monday it completed the sale of its 50% stake in the South Fork Wind project and the Revolution Wind project to Global Infrastructure Partners for adjusted gross proceeds of $745 million.

Eversource said the proceeds were cut by about $375 million, compared with the expected purchase price of about $1.12 billion, due to lower capital spending and a delay of the commercial operations date of Revolution Wind.

The company said it expects to record a net loss of about $520 million in Q3 following the completion of this deal and also the previously completed sale of its 50% interest in the Sunrise Wind project.