New York Awards Offshore Wind Deals to Orsted, Equinor
- Contracts signal good news for industry battered by inflation
- Wind energy is key component of US climate change goals
A lift boat in Wainscott, New York. The vessel's drill will be used in the construction of the South Fork Wind farm.
Photographer: Johnny Milano/BloombergThis article is for subscribers only.
New York state agreed to buy electricity from offshore wind farms being planned in the Atlantic Ocean, marking progress for the struggling industry after inflation forced some projects to be canceled.
The projects that won power contracts include Sunrise Wind, an Orsted A/S-backed project from that’s 30 miles east of Long Island, and Equinor ASA’s Empire Wind, which is south of Long Island. The deal was announced on Thursday by the governor’s office.