March 2, 2024 — New York officials on Thursday awarded conditional contracts to buy electricity from two proposed offshore wind projects under a program meant to support the embattled industry and keep the state’s ambitious clean energy goals on track.
The state said it had selected the Empire Wind 1 project from Norway’s Equinor (EQNR.OL), opens new tab and the Sunrise Wind facility being developed by Denmark’s Orsted (ORSTED.CO), opens new tab and U.S. power provider Eversource
Once completed, the projects will produce enough electricity to power 1 million homes, the state said. They will be the largest electricity generation projects built in the state in nearly four decades.
The solicitation by the New York State Energy Research and Development Authority (NYSERDA) was being closely watched because it allowed companies to exit old contracts and re-offer projects at higher prices.