Wind shore farm of over 100 turbines CANCELLED for New York

[rangerrebew]

Wind shore farm of over 100 turbines CANCELLED for New York
Story by Stacy Liberatore For Dailymail.com  •
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BP and Equinor have paused the Empire Wind 2 project set for New York
The companies cited ' inflation, interest rates and supply chain disruptions'
 
Two companies have terminated plans to construct 147 offshore wind turbines near New York, citing 'inflation, interest rates and supply chain disruptions.'
 
European-based BP and Equinor paused their joint 1,260-megawatt-gigawatt Empire Wind 2 project that would have covered over 80,000 acres of the open sea - one megawatt of offshore wind can power around 500 homes.

The agreement, signed in 2022, stated the companies would sell a megawatt-hour for $107.50, but due to 'unforeseeable economic forces, BP and Equinor requested a price increase to $177.84/MWh.
 
The proposal was denied, leading to the firms tearing up the contract.

https://www.msn.com/en-us/money/markets/wind-shore-farm-of-over-100-turbines-cancelled-for-new-york/ar-AA1mtD11?ocid=msedgntp&cvid=2be535d17762415aae3bf56d5d1bd4de&ei=18

[Fishrrman]

Hopefully this will be the beginning of what will become a near-total collapse of "offshore" wind generation ... with implications for land-based generation as well.