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    PSAs Signed for 2.5GW Offshore Wind Projects In New York, US


    January 18, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      PSAs Signed for 2.5GW Offshore Wind Projects In New York, US

      • 18 Jan 2022
      • United States
      • Infrastructure

      News: A joint venture of Equinor and BP has signed the purchase and sale agreements (PSAs) with the New York State Energy Research and Development Authority for two offshore wind projects off the coast of New York state. The 1.26GW Empire Wind 2 will be installed southeast of Long Island, while the 1.23GW Beacon Wind 1 will be installed east of Montauk Point and south of Nantucket, Massachusetts. Both projects include port upgrades to the South Brooklyn Marine Terminal, representing public and private funding of USD644.0mn. Empire Wind 2 is planned to be commissioned in 2027, followed by Beacon Wind 1 in 2028 (OffshoreWindBiz).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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