Overview

• Equinor has announced it may terminate the Empire Wind project within days due to ongoing financial losses and federal inaction on the stop-work order.
• The company is incurring $50 million in weekly losses as vessels and workers remain idle, with $2.7 billion already invested in the project.
• The Trump administration's stop-work order, issued in April, has left Equinor without clear feedback on the specific regulatory concerns delaying construction.
• The project, planned to deploy 54 turbines off Long Island, was expected to create over 4,000 jobs and begin delivering energy by late 2026.
• Local opposition and environmental concerns have emerged over aspects of the project, including construction methods and turbine placement, despite significant support in New York City.