LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

These canceled New York offshore wind farms totaling 1.7 GW just officially made a comeback

Robert Frost by Robert Frost
February 29, 2024
in Industries
These canceled New York offshore wind farms totaling 1.7 GW just officially made a comeback
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Rendering: South Brooklyn Marine Terminal, Empire Wind

Equinor’s Empire Wind 1 and Eversource and Ørsted’s Sunrise Wind previously canceled their offshore wind contracts with New York, but now they’re back.

Governor Kathy Hochul today (D-NY) announced that New York State conditionally awarded the 810 megawatt (MW) Empire Wind 1 and the 924 MW Sunrise Wind from its fourth offshore wind solicitation.

You might also like

It’s time to start recommending some Tesla Powerwall alternatives [update]

When it comes to towing, not all 2026 GMC Sierra EV pickups are created equal

Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices

These two projects had previously canceled contracts made in 2019 as part of New York’s first offshore wind solicitation but reached viable power purchase agreements in this latest round. 

New York Offshore Wind Alliance director Fred Zalcman said, “With today’s announcement, the state has deftly navigated the economic headwinds of the post-COVID global economy and has decisively put the US offshore wind industry on a firmer and more inclusive footing while protecting consumer interests.”

Since they’re “shovel-ready” projects, Empire Wind I, located 15 miles off New York’s shore, and Sunrise Wind, located more than 30 miles east of the eastern point of Long Island, have already completed most federal and state permitting milestones. Empire Wind I received final approval of its Construction and Operations plan from the US Bureau of Ocean Energy Management (BOEM) last week.

Together, they’ll provide enough clean power for 1 million New York homes and deliver around 10% of New York City and Long Island’s electricity. They’ll reduce greenhouse gas emissions by over 3 million metric tons annually, the equivalent annual emissions of over 740,000 cars.

Empire Wind 1 and Sunrise Wind will invest $2 billion in economic development across New York and create 800 near-term construction jobs. They’ll be supported by the South Brooklyn Marine Terminal assembly and staging port (rendering pictured above), which is expected to create 400 construction jobs this year.

Equinor, Eversource, and Ørsted have also committed to an additional $135 million for grid infrastructure on Long Island and $200 million in other transmission-related investments.

Sunrise Wind is scheduled to come online in 2026, and Empire Wind in 2027. 

Sam Salustro, vice president of strategic communication at the offshore wind nonprofit Oceantic Network, said:

These new contracts integrate the knowledge gained over the past several years and exemplify a new phase for the industry defined by a better understanding of project finances.

New York State has set a goal to achieve the development of 9,000 megawatts of offshore wind energy by 2035.

Read more: Equinor, bp just scrapped their 1.2 GW Empire Wind 2 offshore wind farm


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Tesla has to deal with treehuggers camping in the Gigafactory Berlin forest

Next Post

Ray Dalio says the U.S. stock market ‘doesn’t look very bubbly’

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

It’s time to start recommending some Tesla Powerwall alternatives [update]
Industries

It’s time to start recommending some Tesla Powerwall alternatives [update]

August 24, 2025
When it comes to towing, not all 2026 GMC Sierra EV pickups are created equal
Industries

When it comes to towing, not all 2026 GMC Sierra EV pickups are created equal

August 24, 2025
Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices
Industries

Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices

August 24, 2025
Eli Lilly’s obesity pill remains a viable rival to Novo’s oral Wegovy despite data that underwhelmed investors
Industries

Eli Lilly’s obesity pill remains a viable rival to Novo’s oral Wegovy despite data that underwhelmed investors

August 24, 2025
Next Post
Ray Dalio says the U.S. stock market ‘doesn’t look very bubbly’

Ray Dalio says the U.S. stock market 'doesn't look very bubbly'

Related News

Why Amazon is apparently closing up shop for its electric cargo bike delivery

Why Amazon is apparently closing up shop for its electric cargo bike delivery

September 13, 2023
New River REIT appoints Fordham as non-exec director and chair designate

New River REIT appoints Fordham as non-exec director and chair designate

March 22, 2024
An electric Jeep Wrangler may not be coming anytime soon, but another off-road EV is

An electric Jeep Wrangler may not be coming anytime soon, but another off-road EV is

June 5, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?