An agreement by Equinor and BP has terminated their offshore wind renewable energy certificate (OREC) with the New York State Energy Research and Development Authority (NYSERDA) for the second development phase of the Empire Wind offshore wind farm.
To be built approximately 50km off the coast of Long Island, US, the project is equally owned by Equinor and BP. According to both the developers, the previous OREC agreement was not viable anymore due to several economical challenges which include inflations and supply chain constraints.
The project is now open for new offtake agreements.
Empire Wind 2 is a sequel to Empire Wind 1, with 816MW of capacity.
For more information, please visit EICDataStream.