February 24, 2024 — U.S. officials on Thursday gave Norway’s Equinor (EQNR.OL), approval to start building a massive offshore wind farm off the coast of New York, a positive milestone for a project that has faced soaring costs and does not have a power supply contract.
The plan approved by the U.S. Bureau of Ocean Energy Management includes construction and operation of both the Empire Wind 1 and Empire Wind 2 facilities, which could power more than 700,000 homes annually once built.
“We are ready to get to work,” Molly Morris, president of Equinor Renewables Americas, said in a statement.
The offshore wind industry is expected to play a key role in helping the U.S. and states including New York meet their goals to decarbonize the power grid and combat climate change.
Equinor said construction of Empire Wind is on track to start later this year, and the project could start delivering power to New York by 2026.
Read the full article at Reuters