United States – Equinor and bp have completed the Purchase and Sale Agreements (PSAs) for Empire Wind 2 and Beacon Wind 1 with the New York State Energy Research and Development Authority (NYSERDA).
The signing of the PSAs brings to a close the contracts awarded in January 2021, when Equinor and bp were chosen to provide offshore wind power to New York State in one of the largest renewable energy procurements in the United States to date.
Equinor and bp’s active offshore wind project portfolio (Empire Wind 1, Empire Wind 2, and Beacon Wind 1) will generate enough electricity to power approximately 2 million New York homes once completed, and will contribute more than $1 billion in economic output to New York State.
The PSAs reached with New York State finalize the terms under which Equinor and bp will provide 1,260 MW of renewable offshore wind power from Empire Wind 2 and another 1,230 MW of power from Beacon Wind 1, while also investing significantly in New York’s infrastructure.
Port improvements will transform South Brooklyn Marine Terminal into a major staging and assembly facility for the industry, as well as an operations and maintenance base for the projects. The collaboration will also invest in the Port of Albany, transforming it into America’s first offshore wind tower and transition piece manufacturing facility.