Equinor Bids for Two Wind Projects off US East Coast

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Norwegian energy firm Equinor said on Tuesday it had submitted two bids in New York's second offshore wind auction, following a deal it signed with BP last month to cooperate on offshore wind in the United States.

Equinor said it was bidding for two projects off the U.S. East Coast, Empire Wind Phase 2 and Beacon Wind, which together have the potential to power more than one million U.S. homes, with BP becoming a 50% non-operating partner.

Equinor, which is already developing the 816-megawatt capacity Empire Wind Phase 1 offshore wind park, plans to use the South Brooklyn Marine Terminal for construction activities, it added in a statement.

"The U.S. offshore wind industry is poised for expansion and we are passionate about creating substantial value in the New York market," said Siri Espedal Kindem, president of Equinor Wind U.S..

The Empire Wind project is located about 15-30 miles (24-48 kilometres) southeast of Long Island, while Beacon Wind is about 20 miles south of Massachusetts and 60 miles east of New York.

Equinor did not elaborate in its statement on the expected capacity or amount of investment needed for the two projects, and was not immediately available for comment.

BP acquired stakes in Equinor's offshore wind power for $1.1 billion in September. The British oil and gas firm has set a goal of significantly boosting its renewable power generation capacity.

(Reporting by Nerijus Adomaitis, Editing by Rosalba O'Brien)


Webinar:

Offshore wind has the potential to impact North America's entire offshore energy, maritime, ports and logistics value chain. An October 22 webinar presented by World Energy Reports, ├śrsted, and American Bureau of Shipping (ABS) will deliver insights on the current progress, future pace, and direction of development in the offshore wind market in North America.

When: October 22, 2020, 11:00 a.m. Eastern Time (U.S. and Canada) / 5p.m CET - Register here.

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