Offshore staff
LONDON – Equinor and bp have finalized the purchase and sale agreements (PSAs) with the New York State Energy Research and Development Authority for the Empire Wind 2 and Beacon Wind 1 offshore projects.
The PSAs set the terms under which the companies will provide 1,260 MW of renewable offshore wind power from Empire Wind 2, and another 1,230 MW from Beacon Wind 1, while making investments in New York’s infrastructure.
This includes investments in port upgrades to transform South Brooklyn Marine Terminal into a major staging and assembly facility for the industry, as well as an operations and maintenance base for the projects. Equinor recently opened a New York project office in Sunset Park, Brooklyn, opposite the South Brooklyn Marine Terminal. The partnership will also invest in the Port of Albany, making it America’s first offshore wind tower and transition piece manufacturing facility.
The completion of the PSAs represents a major milestone and enables the start of project execution for the Equinor-bp partnership.
Empire Wind will be located 15-30 mi (24-48 km) southeast of Long Island. Water depths range between 65 and 131 ft (20 and 40 m). 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 will be located more than 60 mi (97 km) east of Montauk Point and 20 mi (32 km) south of Nantucket. The lease was acquired in 2019 and has the potential to be developed with a total capacity of more than 2 GW.
Once completed Empire Wind 1, Empire Wind 2, and Beacon Wind 1 are expected to produce enough electricity to power about 2 million New York homes, and help generate more than $1 billion in economic output to the state.
01/14/2022
