Equinor
Equinor is an international energy company that aspires to be a leading company in the energy transition, and has become invested in America’s growing offshore wind industry.
State policymakers and industry leaders at the Alliance for Clean Energy New York’s Fall Conference offered messages of full support even as they acknowledged the federal roadblocks thrown in their path.
The New York PSC granted a request by the developers of the Empire Wind 1 offshore wind project to perform cable installation during October and November.
Equinor is taking a nearly $1 billion impairment on its U.S. offshore wind development efforts, blaming the Trump administration’s anti-wind power crusade for the impact.
BOEM lifted a stop-work order on the Empire Wind 1 project in a deal that will have New York work on expanding pipelines into the Northeast, a goal the White House has publicly sought since shortly after President Trump took office.
Conference attendees are optimistic that the rapidly rising demand for energy will mean the federal government eventually will have to harness wind power.
Interior Secretary Doug Burgum posted that he had directed BOEM to bring an immediate halt to all construction activities on the $7 billion project until it could undergo further review.
Beacon Wind has paused its efforts to build an underwater transmission line into New York City.
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Equinor has closed on the finances for Empire Wind 1, a major milestone for a New York project expected to accrue $5 billion in capital costs over the next few years.
The company planning an 810-MW wind farm off the New York coast gave an update on its efforts at Offshore WINDPOWER 2024.
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