Empire Wind 2

Empire Wind 2 rock installation contract terminated

Equinor and BP’s decision to “reset” the Empire Wind 2 offshore wind project (see earlier story) has led to another contract termination. As we noted in our report, the so-called “reset” decision was soon followed by termination of Seatrium’s contract for the Empire Wind 2 offshore substation (OSS) platforms. Now the rock installation contract has been scrubbed.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) said last week that it had been informed of the termination of the Empire Wind 2...

https://www.marinelog.com/offshore/offshore-wind/empire-wind-2-rock-installation-contract-terminated/

Equinor and BP announce a “reset” of Empire Wind 2

Back in November 2023, the New York State Public Service Commission denied petitions submitted by Empire Offshore Wind, Beacon Wind, Sunrise Wind and the Alliance for Clean Energy New York, Inc. (ACENY) that sought to address inflationary pressures impacting project economics through adjustments to Renewable Energy Credit (REC) and Offshore Wind REC (OREC) purchase and sales agreements entered with the New York State Energy Research and Development Authority (NYSERDA).

That was seen as putting...

https://www.marinelog.com/news/equinor-and-bp-announce-a-reset-of-empire-wind-2/