EQNR - Equinor BP Terminate Offshore Wind Power Sale Contract With New York | Benzinga
Energy giants Equinor ASA (NYSE: EQNR) and BP plc (NYSE: BP) have terminated their Offshore Wind Renewable Energy Certificate (OREC) Agreement with the New York State Energy Research and Development Authority (NYSERDA).
The agreement is for the Empire Wind 2 project, an offshore wind project in the U.S. with potential generative capacity of 1,260 MW.
Economic reasons, including inflation, interest rates, and supply chain disruptions, have led to ...