Global | News

U.S. halts Empire Wind 1 project, raising concerns among global suppliers

Equinor has suspended offshore construction of its Empire Wind 1 project off the coast of New York following a stop-work order issued by U.S. Interior Secretary Doug Burgum. This unexpected directive has raised concerns among European suppliers who had committed to the U.S. offshore wind market.​  Empire Wind 1, a joint venture between Equinor and BP, was poised to become one of the largest offshore wind farms in the U.S., with an 810-megawatt capacity capable…

Global | News

Equinor secures $3bn financing for Empire Wind 1 offshore project

Equinor has secured over $3bn in financing for its Empire Wind 1 offshore wind project, set to be the first to connect to the New York City grid.  The project, which will power 500,000 homes in New York, is scheduled to begin operations in 2027. Empire Wind 1, with a capacity of 810 MW, is part of a larger development that includes Empire Wind 2, which could add up to 1.2 GW. The project is…