Biden's Green Dream Stumbles as Major Wind Project Cancelled

Equinor and BP cancel Empire Wind 2 project off New York coast.

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The decision was made due to economic conditions such as inflation, interest rates and supply chain disruptions.

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Molly Morris, president of Equinor Renewable Energy Americas, emphasized the need for commercial viability of large-scale projects

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BP supports NYSERDA’s commitment to offshore wind and its role in clean energy.

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The cancellation follows formal approval from the Biden administration and positive approval from the Departments of the Interior and Energy.

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Orsted also canceled the Ocean Wind 1 and 2 projects, citing unfavorable economic conditions.

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Empire Wind 1 and 2 are expected to have a combined capacity of 2,076 megawatts and power 700,000 homes per year

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The November approval was the sixth such approval and is consistent with Biden’s green energy goals.

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