Public Service Enterprise Group Incorporated (NYSE:PEG) (PSEG) announced they will enter into exclusive negotiations for PSEG to potentially become an equity investor in one of Ørsted A/S (CPSE:ORSTED) offshore wind projects. Subject to negotiations toward a joint venture agreement, advanced due diligence and any required regulatory approvals, PSEG would acquire 25% of Ocean Wind. PSEG Power President and Chief Operating Officer Ralph LaRossa said, "We are pleased about the opportunity to explore a partnership with Ørsted".