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Equinor and bp bid for third New York offshore wind project

27/01/2023

Equinor and bp today jointly bid into New York’s third offshore wind solicitation (NY3), building on their strong commitment to deliver renewable energy for New Yorkers, create sustainable jobs, boost the economy across the state, and support a just transition to renewable energy.

Equinor and bp’s bid, submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation, would provide New York with renewable energy from the Beacon Wind 2 lease area located approximately 60 miles off the eastern tip of Long Island.

Capable of producing 1,360 megawatts of offshore wind energy, Beacon Wind 2 has the potential to power approximately one million New York homes, generate more than $11 billion in new economic activity in the state over the project lifecycle, and create thousands of jobs. Power from Beacon Wind 2 would complement the 3.3 GWs of potential offshore wind generating capacity for New York State currently under development by Equinor and bp with the Empire Wind 1 and 2 and Beacon Wind 1 projects. As one of the most mature projects offered for NY3, Beacon Wind 2 is well on track to help New York realize its ambition to generate at least 70% of the state’s electricity from renewable energy sources by 2030.

Beacon Wind recently purchased the site of the Astoria Gas Turbines, with the potential to bring offshore wind from Beacon Wind 1 and Beacon Wind 2 directly to New York City, transforming the site into The Astoria Gateway for Renewable Energy, giving Queens a leading role in the state’s energy transition.

Equinor and bp’s proposal includes new manufacturing plants capable of creating game-changing renewable energy career opportunities in the Capital Region, establishing a new vision for the creation of a manufacturing hub in the Region. The proposal includes a facility to produce cable components for offshore wind projects both locally and around the world. Additionally, working with offshore wind turbine manufacturers, Equinor and bp propose to support the establishment of state-of-the-art facilities to manufacture wind turbine components, such as blades and nacelles, in New York State. These significant new manufacturing and supply chain initiatives build on the companies’ current investments in New York’s supply chain, solidifying the state’s leadership position in developing a homegrown offshore wind industry.

“Equinor and bp are eager to build on the significant experience gained through our work in New York over the past five years to bring more offshore wind energy to the state,” said Molly Morris, President, Equinor Wind US. “The commitments and opportunities that we have outlined in this bid are informed by our team’s ongoing efforts to develop offshore wind for the state. Our deep understanding of the workers, communities and economic opportunities related to this new industry allows us to invest in New York where it matters most. There is a tremendous opportunity here to harness the project maturity, efficiencies, and knowledge related to our current work, and we welcome the chance to deepen our work with New York to bring these exciting new initiatives to bear and help the state reach the next level of its renewable energy goals.”

KeyFacts Energy: Equinor US Renewable Energy country profile   l   bp United States country profile

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