Equinor bp's new york offshore wind project marks turning point for us offshore wind in 2024. the third quarter of 2023 was the slowest period of growth for us wind installations since 2018,. Bp to take ownership of equinor’s 50% stake in the beacon wind us offshore wind projects, located in federal waters between cape cod, massachusetts, and long island, new york. beacon wind 1 and 2 have the combined potential to deliver renewable energy to over 2 million consumers in the northeastern us. equinor to take ownership of bp’s 50%.
The bid incorporates substantial support for new york’s goal of ensuring that offshore wind benefits all new yorkers. equinor and bp’s proposal includes investing $50 million in pioneering a regional collaborative of community organizations, ngos, community and state colleges and training facilities to help workers gain the skills and. Jan 25 norway's equinor (eqnr.ol) said on thursday it had entered an agreement with bp (bp.l) to independently pursue separate wind projects under its bid for new york's offshore wind auctions. The psas agreed to with new york state finalizes the terms under which equinor and bp will provide generation capacity of 1,260 megawatts (mw) of renewable offshore wind power from empire wind 2, and another 1,230 mw of power from beacon wind 1, while making substantial investments in new york’s infrastructure. Equinor won an offtake contract with the state of new york for empire wind 1 in 2019 and in 2021 equinor and bp were awarded offtake contracts for the empire wind 2 and beacon wind 1 projects in.
The psas agreed to with new york state finalizes the terms under which equinor and bp will provide generation capacity of 1,260 megawatts (mw) of renewable offshore wind power from empire wind 2, and another 1,230 mw of power from beacon wind 1, while making substantial investments in new york’s infrastructure. Equinor won an offtake contract with the state of new york for empire wind 1 in 2019 and in 2021 equinor and bp were awarded offtake contracts for the empire wind 2 and beacon wind 1 projects in. Equinor and bp have reached an agreement to restructure the ownership of their joint us offshore wind projects which, following completion, will result in bp taking ownership of equinor's 50 per cent stake in the beacon wind 1 and 2 projects and equinor taking ownership of bp's 50 per cent stake in the empire wind 1 and 2 projects. If approved, the two projects could together bring more than 2 gw of installed capacity to new york and power 700,000 households. equinor and bp’s portfolio of active offshore wind projects (empire wind 1, empire wind 2 and beacon wind 1) could produce enough electricity to power about 2 million new york homes, and help generate more than usd 1 billion in economic output to new york state.
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