U.S. Pushes Forward with Offshore Wind Despite Financial Pressures

U.S. Pushes Forward with Offshore Wind Despite Financial Pressures

The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the Empire Wind Farm Project, the largest offshore wind site to gain approval in the U.S. The Biden administration is pushing forward while developers seek to adjust their agreements based on changing economics. The project, developed by Equinor and BP, includes two offshore wind projects with up to 57 wind turbines for Empire Wind 1 and up to 90 turbines for Empire Wind 2. The projects are expected to generate up to 2,076 megawatts of energy, powering over 700,000 homes.

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