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An aerial snapshot of the five turbines that make up Ørsted's Block Island wind farm in Rhode Island. Ørsted is the Danish company behind the Ocean Wind 1 project. 

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The Danish company, Ørsted, announced it would acquire Public Service Enterprise Group's (PSEG) 25% stake in Ocean Wind 1. The deal, expected to close in the first half of 2023, will give Ørsted 100% ownership of the offshore wind project. 

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