Equinor, BP ending Empire Wind 2 contract, but say project could be rebid

Source: Newsday

Equinor and BP on Wednesday said they were terminating an agreement with New York State for an offshore wind farm off the coast of Long Beach called Empire Wind 2, but stressed the project could be revived in an upcoming state wind-energy bidding process.

The decision, which follows rival Orsted’s canceling of two New Jersey projects late last year, comes as European wind-energy developers work to increase the financial viability of offshore wind farms amid high interest rates and material costs.

Equinor spokesman David Schoetz stressed the company will make a determination in coming weeks whether to rebid the Empire Wind 2 project in the upcoming state solicitation for offshore wind power. Equinor and BP would have had to terminate the already awarded state contract for Empire Wind 2 in order to bid in that solicitation.

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