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SHARE Vineyard Wind 1 (dark blue at center) would be the first offshore wind energy project among several planned on federal leases south of Martha's Vineyard and Nantucket. BOEM image. A top New York energy and environment official who worked on her state’s drive for offshore wind energy, now director of the Bureau of Ocean Energy Management, announced Wednesday the federal agency is resuming its environmental review of the Vineyard Wind project. “Offshore wind has the potential to help our nation combat climate change, improve resilience through reliable power, and spur economic develo...

BP and Equinor have closed the transaction for BP’s acquisition of a 50 per cent interest in the Empire Wind and Beacon Wind projects off the U.S. east coast.

BP and Equinor today completed the formation of their strategic US offshore wind partnership. This includes BP’s $1.1 billion purchase from Equinor of a 50% interest in two major lease areas off the US East Coast. The new partnership will develop up to 4.4GW through two projects – Empire Wind and Beacon Wind – and together pursue further growth in the US offshore wind market. The completion of the partnership follows the recent success of the Empire Wind 2 and Beacon Wind 1 projects in being selected to provide New York State with 2.5GW of power. This is the biggest US offshore wind ...