Reported 3 days ago
Equinor has announced the successful acquisition of over $3 billion in financing for its Empire Wind 1 offshore wind project in the United States, which aims to power 500,000 homes in New York. The total expected capital investments for the project, including related fees, could reach around $5 billion, factoring in future tax credits. The project is projected to begin commercial operations in 2027, and Equinor plans to find a new partner to share in the investment.
Source: YAHOO