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Equinor and bp celebrate milestone moment for New York projects

By: Tom Russell 14/01/2022 Equinor

General Windfarms

Equinor and bp have announced the finalisation of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1.

The PSAs set the terms under which these projects will supply power to New York. The completion of the PSA represents a major milestone and enables the start of project execution for the Equinor-bp partnership.

“Today’s announcement sets Equinor and bp on the path to provide over 3.3 gigawatts (GW) of offshore wind power for New York. It also offers a large-scale, tangible demonstration of the incredible economic activity and carbon reduction potential being driven by New York’s green energy transition,” said Siri Espedal Kindem, President of Equinor Wind US. “We are proud to help lead the growth of this exciting industry in New York.”

Felipe Arbelaez, bp’s senior vice president for zero carbon energy, added: “These are world class assets and we are moving quickly and safely to get them producing the energy people need in the way that they want it – all the while creating positive ripple effects for the surrounding communities and industry. Today’s milestone is a critical step forward and we will continue to work hard to deliver the Empire Wind and Beacon Wind projects, providing clean energy and stable returns for decades to come.”

Doreen M. Harris, President and CEO, NYSERDA, said, “Offshore wind is bringing unprecedented investment to New York State, and we are proud to further cement ourselves as the offshore wind hub of the nation. Meeting our nation-leading offshore wind goal of 9,000 megawatts by 2035 will be an essential economic driver for the state, and these projects will help transform our energy system while providing thousands of family-sustaining jobs to bolster our growing green economy.”

Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being developed in two phases (Empire Wind 1 and 2) with a total installed capacity of more than 2 GW (816 + 1,260 MW).

Beacon Wind is planned for an area of 128,000 acres in federal waters between Cape Cod and Long Island. The lease area was acquired in 2019 and is being developed in two phases. Beacon Wind 1 is on track to deliver 1.2 GW of energy directly to New York City in the late 2020s. Beacon Wind 2 has the capacity to generate another 1.2 GW of energy for consumers in the US Northeast.

With a capacity totalling 3.3 GW, Equinor and bp’s portfolio of offshore wind projects are expected to produce enough electricity to power about 2 million New York home

The projects include port upgrades to transform South Brooklyn Marine Terminal into a staging and assembly facility for the industry, as well as an operations and maintenance base for the projects. It aims to become one of the largest dedicated offshore wind port facilities in the United States at approximately 73 acres, with the capacity to accommodate wind turbine generator staging and assembly activities at the scale required by component manufacturers.

The partnership will also invest in the Port of Albany, making it America’s first offshore wind tower and transition piece manufacturing facility. It is being developed alongside Marmen and Welcon and is poised to become a go-to destination for future projects to source offshore wind towers, transition pieces, and other manufacturing components for projects along the East Coast.

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Equinor and bp celebrate milestone moment for New York projects

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