Equinor and BP Land Huge Offshore Wind Energy Contract

Under the New York State award, Equinor and new strategic partner BP will provide a generation capacity of 1,260 MW of offshore wind power from Empire Wind 2 and a further 1,230 MW of power from Beacon Wind 1 - in addition to the existing commitment to supply New York with 816 MW of renewable power from Empire Wind 1 - a total of 3.3 gigawatts of power for New York.

Under the contract, both the South Brooklyn Marine Terminal (SBMT) and the Port of Albany will be converted into offshore hubs that will host the region's offshore wind industry in the future.

“These projects will deliver homegrown, renewable electricity to New York and play a major role in the State’s ambitions of becoming a global offshore wind hub. The U.S. East Coast is one of the most attractive growth markets for offshore wind in the world. The successful bids for Empire Wind 2 and Beacon Wind 1 represent a game-changer for our offshore wind business in the U.S. and underline Equinor’s commitment to be a leading company in the energy transition. These projects will also create value through economies of scale and support our strategic ambition of becoming a global offshore wind major,” said Anders Opedal, CEO of Equinor.

“Together, Equinor and the State of New York will create a robust offshore wind supply chain capable of manufacturing, assembling, and staging these projects at scale. As Equinor works to expand its renewable energy presence across the United States and the globe, New York’s leadership clearly illustrates the transformative benefits of offshore wind on climate goals and economic activity alike. We are looking forward to developing Empire Wind and Beacon Wind together with local authorities, communities and our incoming partner bp in growing this new industry,” says Siri Espedal Kindem, President of Equinor Wind U.S.