New York Wind Farm Deal Scrapped, but Project Might Not Be Completely Dead

Plans to provide offshore wind power to New York City through the Empire Wind 2 project have been scrapped due to challenging “economic circumstances,” however, a company executive has hinted the project might not be completely dead. A joint venture between Norwegian state-owned multinational energy company Equinor and British multinational oil and gas company BP, Empire Wind 1 and Empire Wind 2 were approved in November last year. Combined, they were expected to have a total capacity of 2,076 megawatts, enough to power 700,000 homes per year. Equinor revealed in a Jan. 4 statement that part of the project wouldn’t be moving forward. An agreement has been reached with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for Empire Wind 2....