BP and Equinor End NY Offshore Wind JV Splitting Empire and Beacon Wind

Two of the large offshore wind developers, BP and Equinor, announced an agreement to end their joint venture projects in New York and independently pursue future offshore wind opportunities as they positioned for today’s close of New York State’s fourth offshore wind solicitation. The companies will swap interests in both Beacon Wind and Empire Wind and associated shore facilities in Brooklyn and Queens, New York.

The two companies had a 50-50 joint venture to develop Empire Wind which would be located south of Long Island and Beacon Wind which would be located between Cape Code, Massachusetts and Long Island, New York. Equinor won the lease for Empire Wind in 2017 and Beacon Wind in 2019. The following year, BP joined the projects with an investment of $1.1 billion.

View entirety: The Maritime Executive