Equinor and bp Achieve Key Step in Advancing Offshore Wind for New York
- Jan 14, 2022 8:26 pm GMT
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Equinor's US offshore wind presence and assets including Empire Wind 1, Empire Wind 2 and Beacon Wind 1 (Photo: Business Wire)
The finalization of the PSAs concludes the contracts awarded in
Once completed, Equinor and bp’s portfolio of active offshore wind projects (Empire Wind 1, Empire Wind 2 and Beacon Wind 1) will produce enough electricity to power about 2 million
The offshore wind projects on the US east coast are key building blocks to deliver on Equinor’s ambition to install 12-16 GW of renewables capacity by 2030. Equinor expects to deliver these projects within the return guidance communicated at the last Capital Markets Update in
“Today’s announcement sets Equinor and bp on the path to provide over 3.3 gigawatts (GW) of offshore wind power for
The PSAs agreed to with
Related pages and downloads
About Empire Wind and Beacon Wind
- Empire Wind is located 15-30 miles southeast of
Long Islandand spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being developed in two phases (Empire Wind 1 and 2) with a total installed capacity of more than 2 GW (816+ 1,260 MW).
- Beacon Wind is located more than 60 miles east of
Montauk Pointand 20 miles south of Nantucket and covers 128,000 acres. The lease was acquired in 2019 and has the potential to be developed with a total capacity of more than 2 GW. This first phase will have an installed capacity of 1,230 MW.
ABOUT EQUINOR RENEWABLES US
- Equinor is one of the largest offshore wind developers in the
U.S., where it operates two lease areas, Empire Wind and Beacon Wind.
- Together, Empire Wind 1, Empire Wind 2 and Beacon Wind 1 will provide
New York Statewith 3.3 gigawatts (GWs) of energy —enough to power nearly two million homes—including more than 2 GWs from Empire Wind 1 and 2 and 1,230 megawatts from Beacon Wind 1.
- Fact sheet about Renewables assets including commercial terms
ABOUT bp IN THE US
- bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp is America’s largest energy investor since 2005, investing more than
$130 billionin the economy and supporting about 230,000 additional jobs through its business activities. For more information on bp in the US, visit www.bp.com/us.
- bp’s commitment to the US dates back 150 years, its renewables portfolio includes wind, solar and, bioenergy.
- bp has built an onshore US wind energy business over a decade and operates a 1.7 GW gross portfolio across nine wind assets in the US, generating enough electricity to power 450,000 homes annually.
- Equinor and bp are investing in port upgrades to help transform the
South Brooklyn Marine Terminal(SBMT) into a world-class offshore wind staging and assembling facility and to become the operations and maintenance (O&M) base both for Equinor and other project developers going forward.
- SBMT will become one of the largest dedicated offshore wind port facilities in
the United Statesat approximately 73 acres, with the capacity to accommodate wind turbine generator staging and assembly activities at the scale required by component manufacturers.
- SBMT is being redeveloped together with the
New York City Economic Development Corporation(NYCEDC) and terminal owner Sustainable South Brooklyn Marine Terminal(SSBMT). SSBMT is a joint venture of Red Hook Terminals and Industry City.
ABOUT PORT OF
- Equinor and bp will combine forces with established wind industry companies,
Marmenand Welcon, at the Port of Albanyto help the port become America’s first offshore wind tower and transition piece manufacturing facility, where it will produce components for the Empire Wind and Beacon Wind projects.
- The site, located in the State’s
Capital Region, stands to become a go-to destination for future projects to source offshore wind towers, transition pieces, and other manufacturing components for many years to come as offshore wind continues to grow along the East Coast.
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