Equinor and BP have signed a new agreement regarding the split of ownership of their joint offshore wind developments in the United States. The projects are Empire Wind and Beacon Wind, and each were equally owned by both companies with a 50% stake.
Following this revision, Equinor will fully own the two development phases of the Empire Wind project, while BP will solely own Beacon Wind 1 and 2.
Empire Wind 1 is planned to have a capacity of 810MW, while its following phase is expected to reach 1.2GW.  The first phase of Beacon Wind, meanwhile, is designed to feature 1.23GW, with the second phase potentially having 1.36GW.
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