New York Citys erster Offshore-Windpark, der 500.000 Haushalte mit Strom versorgt, sichert sich die Finanzierung | Equinor traf Anfang des Jahres eine endgültige Investitionsentscheidung für das vollständig im Besitz des Unternehmens befindliche und betriebene Empire Wind 1-Projekt.

From the article: Equinor’s Empire Wind 1 project in the US has now secured a project financing package of over USD 3 billion. Financial close was reached at the end of December 2024.
Empire Wind 1 will power 500,000 New York homes and is expected to reach its commercial operation date in 2027.

The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT), are approximately USD 5 billion including the effect of expected future tax credits (ITCs).

Equinor acquired the Empire Wind lease area in 2017. In June 2024, Equinor announced the execution of the Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority for Empire Wind 1 power for 25 years at a strike price of USD $155.00/MWh. The investment level and support framework are in line with the developing US offshore wind industry.

Equinor intends to farm down in the Empire Wind 1 project to a new partner to further enhance value and reduce exposure.

“This is an important milestone for Equinor, in line with our plan to enhance value and reduce exposure in the Empire Wind 1 project. As we now enter full execution mode, we continue our efforts to increase robustness and value-creation in the project,” said Jens Økland, acting executive vice president for Renewables in Equinor.