Offshore staff
STAVANGER, Norway — Equinor has executed a purchase and sale agreement (PSA) for the power generated by the planned Empire Wind 1 offshore wind project with the New York State Energy Research and Development Authority (NYSERDA).
It follows NYSERDA’s conditional selection in February of the company as winner under New York’s fourth offshore wind solicitation.
Molly Morris, president of Equinor Renewables Americas, said, “Empire Wind 1 is a defining project for Equinor and the PSA is an important milestone in de-risking and ensuring a robust path forward as we work toward delivering first power.”
This will be the US’ first offshore wind development to plug directly into the New York City grid, the company added, with first power planned in late 2026 at a strike price of $155 per MW/h.
Equinor aims to bring in a partner to reduce its financial exposure.
Empire Wind 1 will involve transforming the South Brooklyn Marine Terminal to serve as the prim staging and assembly area for the project. Plans also call for positioning the port as a hub for other future offshore wind projects as development expands along the Northeast seaboard.
Empire Wind, 15 to 30 miles southeast of Long Island, covers 80,000 acres in water depths of 75 ft to 135 ft. Empire Wind 1 and 2 would have a potential capacity of more than 2 GW (810 MW + 1,260 MW).
06.05.2024
