Equinor gets no subsidies in New York, offshore wind projects are at risk

Equinor gets no subsidies in New York, offshore wind projects are at risk

The three large offshore wind projects were outside New York State in the USA to demonstrate Equinor’s renewable ambitions and transition to a greener future. They found themselves in serious financial trouble after massive cost increases.

Earlier this year, Equinor and its partner BP sent a request to state authorities in New York in which they asked for better framework conditions. On Thursday the answer and reports came Distinctive name.

– The New York State Public Service Commission today rejected applications from a group of offshore wind companies and a renewable energy organization seeking billions of dollars in additional funds for four proposed offshore wind projects and 86 onshore projects, the commission wrote, according to DN.

The Authority evaluated the consequences of the proposed proposals and concluded that they would lead to higher electricity bills for subscribers.

The requested changes to the contracts would have required modifications outside the competitive bidding process. Committee Chairman Rory M. Christian, this type of relief is fundamentally inconsistent with UNHCR’s long-term policy. Distinctive name.

The three offshore wind projects in question are Empire Wind with two phases, with the first phase having a capacity of 816 MW and the second phase having a capacity of 1.3 GW, and Beacon Wind – which has a capacity of 1.2 GW.

See also  Comet Nishimura - watch out
Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

Leave a Reply

Your email address will not be published.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