Empire Wind

Equinor Establishes Major Union Partnership for New York’s First Offshore Wind Hub

Retrieved on: 
Wednesday, March 27, 2024
Public Policy, Government, Other Energy, Utilities, State, Local, Alternative Energy, Energy, Maritime, Transport, SBMT, Ecosystem, Business development, Wind, Commerce, Inflation, Empire Wind, South Brooklyn Marine Terminal, Veteran, NYCEDC, BCTC, Partnership, Grid Systems, BOND, MWBE, OSW, Woman, Project Labor Agreement, Workforce, General Electric, Economic development, Empire State, Brooklyn Chamber of Commerce, Integration, Skanska, Housing, New Yorker, Health, PLA, Environment, Greater New York, Empire, NYCHA, Renewable energy

The revitalized SBMT will play a key role in Equinor’s development of the Empire Wind offshore wind project as a staging and assembly site and as a home for the project’s operations and maintenance base.

Key Points: 
  • The revitalized SBMT will play a key role in Equinor’s development of the Empire Wind offshore wind project as a staging and assembly site and as a home for the project’s operations and maintenance base.
  • This first-of-its-kind PLA for Equinor is a commitment to building SBMT responsibly with the help of New York’s highly skilled union construction workforce.
  • “As the hub for Empire Wind, SBMT will play a transformational role in the development of the offshore wind industry and deliver more than renewable energy generated off New York’s shores.
  • The local union affiliates represent approximately 100,000 union construction workers in the New York City region.

Empire Wind Is the Latest Offshore Wind Project to Complete Federal Permitting Review on the FAST-41 Dashboard

Retrieved on: 
Tuesday, March 26, 2024
Wind, Health, Interior, Bureau, Empire Wind, Renewable energy

WASHINGTON, March 26, 2024 /PRNewswire/ -- The Permitting Council is pleased to announce that the Empire Wind project has received all necessary federal environmental permitting approvals and is now complete on the FAST-41 permitting dashboard.

Key Points: 
  • WASHINGTON, March 26, 2024 /PRNewswire/ -- The Permitting Council is pleased to announce that the Empire Wind project has received all necessary federal environmental permitting approvals and is now complete on the FAST-41 permitting dashboard.
  • The offshore wind project is expected to generate 2.1 GW of renewable energy, potentially powering over 700,000 New York homes.
  • The Permitting Council is the central coordinating body for permitting offshore wind energy in the U.S. and serves as a key implementing agent of the Biden-Harris Administration's goal to deploy 30 gigawatts (GW) of offshore wind by 2030.
  • Empire Wind now joins South Fork Wind Farm and Revolution Wind Farm as completed projects under the Permitting Council's purview.

New York delivers on offshore wind with shovel-ready Empire Wind 1

Retrieved on: 
Thursday, February 29, 2024
Environment, Construction & Property, Urban Planning, Environmental Health, Utilities, Alternative Energy, Sustainability, Green Technology, Energy, Bureau, New Yorker, Empire Wind, Empire, Investment, Wind, COP, Development, Renewable energy

Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.

Key Points: 
  • Equinor’s Empire Wind 1 has been selected in New York’s fourth offshore wind solicitation (NY4), a major step toward developing a project that can provide renewable power to more than half a million New York homes.
  • A key component of the Empire Wind 1 project is the transformation of the South Brooklyn Marine Terminal (SBMT) in Sunset Park.
  • Home to Empire Wind’s Operations and Maintenance Facility, SBMT will become New York’s first purpose-built offshore wind staging and port facility and will serve as a hub for offshore wind activities for years to come.
  • Last week, Empire Wind received the approval of its Construction and Operations Plan (COP) from the Bureau of Ocean Energy Management.

Empire Wind project hits key federal milestone with COP approval

Retrieved on: 
Thursday, February 22, 2024
Other Energy, Utilities, Alternative Energy, Energy, White House, Federal Government, State, Local, Construction & Property, Other Policy Issues, Environment, Green Technology, Urban Planning, Climate Change, Public Policy, Government, Bureau, Empire, Empire Wind, Construction, Wind, Clean Air Act, BOEM, Equinor, Marine mammal, Renewable energy

The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.

Key Points: 
  • The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.
  • With this key permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the southern coast of Long Island later this year.
  • Already well advanced in planning and development, Empire Wind 1 could deliver first power to New Yorkers by 2026.
  • Empire Wind 1 is currently bidding into New York’s fourth offshore wind solicitation.

Great Lakes Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
GLDD, Investment, PSLRA, Growth, Texas Coastal Bend, Cape Hatteras, Wind, Climate change, House, Legislation, Public utility, Disposal, Cape, Empire Wind, MBE, Water resources, GAAP, Ecosystem, Congress, Security (finance), Cyclone, State, Senate, Depreciation, DBE, Water, Language, PPA, Adjustment, Safety, Public expenditure, River, Insurance, Acquisition, Inflation, Power purchase agreement, PIN, Annual report, Corps, Disaster, Government, Projection, WRDA, BP, Policy, Reputational damage, Liquefied natural gas, Infection, Video game

HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter and year ended December 31, 2023.

Key Points: 
  • Lasse Petterson, President and Chief Executive Officer commented, “We ended the year strong with solid fourth quarter results.
  • Gross margin percentage increased to 21.3% in the fourth quarter of 2023 from -11.0% in the fourth quarter of 2022 partially due to improved project performance.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance.
  • Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

Equinor fourth quarter and full year 2023 results

Retrieved on: 
Wednesday, February 7, 2024
Policy, Growth, Senior, Danske Commodities, Lindworm, RRR, Continental shelf, USD, Henry Hub, Dogger Bank, Tax, BP, Carbon, Use, Investment, NOK, New York Stock Exchange, EQNR, CCS, CO2, Forward, Kilowatt-hour, Sale, NCS, Energy, Empire Wind, Renewable energy

Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.

Key Points: 
  • Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.
  • Equinor delivered strong adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter.
  • In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of assets and exit from Azerbaijan.
  • Equinor paid two ordinary NCS tax instalments in the fourth quarter and an extra instalment in October, totalling at USD 7.9 billion.

Equinor to take full ownership in Empire Wind through a swap transaction with bp in the US

Retrieved on: 
Thursday, January 25, 2024
BP, Development, Wind, Empire, SBMT, EQNR, USD, Empire Wind, Beacon, Renewable energy

Equinor (OSE: EQNR, NYSE: EQNR) has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects.
  • Under the agreement, Equinor will take 100% ownership of Empire Offshore Wind Holdings LLC.
  • Subject to closing the transaction, Equinor will take the Empire Wind projects forward on a 100% ownership basis and will continue to develop its strong offshore wind organization in the US.
  • Taking 100% ownership in the Empire Wind projects and SBMT lease is expected to increase near term reported capital expenditure for Equinor.

Equinor Bids Shovel-Ready Empire Wind 1 into New York’s Expedited Wind Solicitation

Retrieved on: 
Friday, January 26, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Development, Wind, Heart, Empire, BOEM, Multimedia, SBMT, Wind power, BP, Workforce, Empire Wind, Education, Beacon, Renewable energy

“Empire Wind 1 is ready and so is Equinor,” said Molly Morris, President of Equinor Renewables Americas.

Key Points: 
  • “Empire Wind 1 is ready and so is Equinor,” said Molly Morris, President of Equinor Renewables Americas.
  • Empire Wind 1 is in a clear position to move forward in NY4, while Empire Wind 2 will be further matured for future solicitation rounds.
  • Brooklyn is already home to Empire Wind activity with the New York project office, the Offshore Wind Innovation Hub headquarters and as the future home of the Offshore Wind Learning Center, which will directly support offshore wind education.
  • Empire Wind 1 and Empire Wind 2 received the Federal Record of Decision from BOEM in November 2023.

Great Lakes Provides Update on Empire Wind I and II Contracts

Retrieved on: 
Thursday, January 4, 2024
Consortium, PSLRA, Wind, Empire, Safety, GLDD, Security (finance), Empire Wind, Senior

HOUSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind LLC (“Empire Wind”) has informed Great Lakes in consortium with Van Oord (“the Consortium”), of the termination of the rock installation contract for Empire Wind II which was set to commence in 2026.

Key Points: 
  • HOUSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind LLC (“Empire Wind”) has informed Great Lakes in consortium with Van Oord (“the Consortium”), of the termination of the rock installation contract for Empire Wind II which was set to commence in 2026.
  • In 2022, the Consortium, was contracted by Empire Wind to perform rock installation for the Empire Wind I and II projects with installation windows in 2025 and 2026, respectively.
  • However, Empire Wind has informed the Consortium that they have terminated the Empire Wind II rock installation contract that was set to commence in 2026.
  • Termination of the Empire Wind II project initiates a contractually obligated termination fee payable to the Consortium that is intended to cover lost earnings potential related to Empire Wind II.

Samuel Byrne Joins Equinor Renewables Americas as Vice President of Operations

Retrieved on: 
Tuesday, September 19, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Paul H. Nitze School of Advanced International Studies, Yale University, International economics, Vestas, Operational maintenance, Multimedia, Wind, McKinsey & Company, GWS, Outer Continental Shelf, Economics, NextEra Energy Resources, Growth, Environment, Beacon, Empire Wind, Safety, Farm, Renewable energy, Operation, Equinor

Equinor announced the appointment of Samuel Byrne as Vice President of Operations at Equinor Renewables Americas.

Key Points: 
  • Equinor announced the appointment of Samuel Byrne as Vice President of Operations at Equinor Renewables Americas.
  • View the full release here: https://www.businesswire.com/news/home/20230919912863/en/
    Samuel Byrne, Vice President of Operations (Photo: Business Wire)
    Byrne brings extensive experience in the renewable energy sector to Equinor.
  • He most recently served as Vice President responsible for Operations & Maintenance at Vestas Wind Systems in Asia-Pacific for both onshore and offshore wind farms, as well as solar and battery storage sites.
  • “We are thrilled to welcome Samuel Byrne to Equinor,” said Molly Morris, President of Equinor Renewables Americas.