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Thursday, June 20, 2024

Empire Wind 1 Gets New York Construction Approval

Maritime Activity Reports, Inc.

May 16, 2024

Source: Empire Wind

Source: Empire Wind

Norwegian energy company Equinor has received approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, Governor Kathy Hochul said on Thursday.

Electricity generated from offshore wind farms is important to U.S. and state goals of cutting greenhouse gas emissions.

But the industry has been hit this year by inflation, higher interest rates and supply chain delays. In January, Equinor and BP BP.Lterminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm.

The 810-megawatt (MW) Empire Wind 1 project will contribute to the state's goal of developing 9,000 MW of offshore wind power by 2035, Hochul said in a statement. Empire Wind 1 will connect into the transmission system for New York City.

The approval is the last one Equinor required for construction to begin. In March, Equinor said it had received approval from the Federal Energy Regulatory Commission.

The wind farm is scheduled to start producing power in 2026.

(Reuters - Reporting by Anjana Anil and Rahul Paswan; editing by Rod Nickel)