Empire Wind
An offshore wind proposal that was placed on hiatus amid the industry’s recent financial turmoil is taking a further detour, halting its attempt to bring an export cable onshore in New York.
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
Wind, storage, solar and hydrogen make advances and face challenges in New York state.
Two major New York offshore wind projects are getting back on track, with more-lucrative contract awards to replace their existing deals with the state.
The details released on New York’s potential next wave of offshore wind projects indicate continued efforts to expand the human and industrial infrastructure critical to offshore development.
Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.
Equinor and bp have terminated the offtake agreement with New York for the Empire Wind 2 project.
Empire Wind is the sixth commercial-scale offshore wind farm to receive approval from the federal government following BOEM's approval.
New York rejects inflation adjustment requests for 90 planned wind and solar projects that total more than 12 GW of capacity and constitute much of the state’s contracted clean energy pipeline.
Federal regulators have completed their environmental analysis of plans for Empire Wind, finding potentially significant impact to the fishing industry.
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