Equinor Upbeat About Investor Interest in US Offshore Wind Farm oedigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oedigital.com Daily Mail and Mail on Sunday newspapers.
Norway's Equinor is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday. New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous deal that was no longer competitive due to rising construction costs, higher interest rates and supply chain snags. Equinor was glad to have received the new contract, which significantly changed the economics of the project, CFO Torgrim Reitan told analysts during an earnings call on Thursday.