In April 2024, Equinor took full ownership of the Empire Wind lease and projects and bp took full ownership of the Beacon Wind lease and projects through a cash-neutral swap transaction ...

Per the terms of the agreement, EQNR has assumed full ownership of Empire Wind 1 and 2 while BP has taken over the Beacon Wind project. The approval from NYPSC bolsters Equinor’s presence in the ...

At the same time the JV split, with Equinor taking the Empire projects while BP assumed Beacon. The 810MW Empire Wind 1 was later re-awarded in state’s Round 4 along with Orsted’s 920MW Sunrise Wind ...

Notably, 2024 saw only a few US projects reach FID, including Empire Wind 1, Sunrise Wind and Costal Virginia Offshore Wind. We expect to see around the same level of FIDs this year as last in ...

With the performance of Equinor's renewable energy investments under intense scrutiny from investors, the Norwegian oil and gas giant is adamant that it can make its Empire Wind 1 US offshore wind ...

The projects include Vineyard Wind, SouthCoast Wind and New England Wind off Massachusetts; Revolution Wind, Sunrise Wind, South Fork Wind and Empire Wind off New York; Atlantic Shores South off ...