Equinor enters into union agreement in the USA – E24

Equinor enters into union agreement in the USA – E24

Equinor has signed a federal agreement for its South Brooklyn base, which will supply the Empire Wind offshore wind project off New York.

Published: Published:

The agreement was entered into between Empire Wind and the Building and Construction Trades Council of Greater New York and Contiguous Areas (BCTC), according to message.

Molly Morris heads Equinor's renewable energy business in the US.

They have signed what will be the first such agreement for Equinor in the United States. collective agreement (Chinese People's Liberation Army) is linked to the construction of the South Brooklyn Marine Terminal, which will be the land base for the Empire Wind offshore wind project.

Construction of the station is scheduled to begin next week, with the demolition of existing buildings, excavations and preparations to build physical barriers at the site. Among the companies with contracts linked to the agreement are Skanska, Nexans and GE-BOND, Equinor says.

Equinor and BP jointly own the Empire Wind and Beacon Wind projects, but recently decided to retain each of these projects.

Read also

Equinor on offshore wind in the USA: – It will work until the cramp takes us

Investing tens of billions

Equinor has just won an auction in New York for the 810-megawatt Empire Wind 1 project, and will now negotiate with authorities a final power sales agreement for the project. The plan is to develop another 1,260 megawatts in the second phase of the project later.

See also  Lower-than-expected wage growth sent Wall Street straight up

The company expects to make an investment decision for the first project later this year. Empire Wind 1 is set to leverage Equinor's reported investment by US$1.2 billion (NOK 12.5 billion) in 2024 and US$1.5 billion (NOK 15.7 billion) in 2025, before any project is financed.

This photo is of the signing of the union agreement.

Read also

Equinor and the green headache of the oil fund: – Money must be made

The agreement now concluded will guarantee workers' conditions and safety when building the plant. The project will provide more than 1,000 job opportunities and union training, in addition to indirect jobs, according to the report.

“This labor agreement ensures that construction of the South Brooklyn Marine Terminal provides union jobs with family-sustaining wages, industry-leading safety standards and strong, equitable training programs to help New York communities enter this new industry,” said Molly Morris. , who leads Equinor's renewable energy business in North and South America.

She praises, among other things, local authorities and Senator Chuck Schumer for their help in launching the project. Industry costs have increased, and Equinor is struggling to achieve profitability on some of its projects. The company has previously written down the value of offshore wind projects in the United States.

This map shows the planned locations of the Empire Wind and Beacon Wind offshore wind projects.

Read also

Equinor has won an offshore wind auction in New York

Satisfied union

In the past, Equinor and BP have invested several million dollars in collaboration with local organizations through their companies Offshore Wind Ecosystem Fund. The goal should be to train workers for the offshore wind industry.

See also  Housing, housing construction | Complete cessation of construction: - Very worrying

BCTC has about 100,000 members who work in construction in the New York area, according to Equinor State.

Offshore wind development not only contributes to New York's climate goals, but also provides opportunities to start thousands of good-paying union jobs, strengthen the middle class and provide much-needed economic stimulus to our communities, says BCTC President Gary LaBarbera. Release.

This is an earlier illustration of what the South Brooklyn Marine Terminal might look like when completed.

Read also

Do you want to build a profitable “renewables shop”: – There are other demands regarding discipline

Read also

Equinor offshore wind blast in the USA: – At the moment it is required

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *