Major Offshore Wind Project Empire Wind 2 Cancelled due to Economic Challenges

Cancellation represents a significant blow to New York's green energy plans and the Biden administration's climate goals.

BP and Equinor have cancelled their power contract for the Empire Wind 2 project, a major offshore wind project in New York, due to 'changed economic circumstances on an industry-wide scale.'
The Empire Wind 2 project was expected to generate 1,260 MW of power and was a key part of New York's green energy plans.
The cancellation comes after New York utility regulators denied customer rate hikes requested by Equinor, BP and wind giant Orsted.
About 17.5 gigawatts of US offshore wind projects have won state contracts, and proposals representing more than half of that are in dispute or have been cancelled.
The cancellation is a significant setback for the Biden administration's green energy goals, which rely heavily on offshore wind energy.