TOP STORIES

Equinor and Ørsted finalise 1.7GW offshore PPAs

RICHARD HEAP

June 5, 2024

Equinor and Ørsted have signed final power deals with New York State Energy Research & Development Authority for electricity from two offshore wind projects totalling 1.7GW.

New York’s Governor Kathy Hochul announced the final signing of power purchase agreements at the 924MW Sunrise Wind, which was developed by Ørsted and Eversource, and Equinor’s 810MW Empire Wind 1. The projects are due to be commissioned in 2026.

NYSERDA initially awarded PPAs to the projects in 2019 as part of its first offshore wind solicitation, but they were re-awarded at new price levels in 2023 after the projects ran into difficulties.

Molly Morris, president of Equinor Renewables Americas, said: “Today’s announcement signals exciting developments ahead for Empire Wind 1. The transformation of South Brooklyn Marine Terminal is already underway, creating new union jobs and placing New York at the center of an industry that will deliver a critical source of renewable power for decades to come.”

David Hardy, executive vice president and chief executive at Ørsted, said: “New York already made history as host to the country’s first utility-scale wind farm with our South Fork Wind project. Now, thanks to the leadership of Governor Hochul, NYSERDA, and the entire administration, we’re ready to build on that legacy to deliver even more jobs, economic benefits, and clean energy with Sunrise Wind.”

Joe Nolan, chairman, president and chief executive at Eversource, said: “We are grateful to Governor Hochul and all the federal, state, and local leaders supporting this landmark project. As Sunrise Wind moves forward, it will continue to spur hundreds more jobs and millions more in local investment, cementing New York’s national leadership in the clean energy economy.”

Read more