The 1,260MW offshore substation platform was a key component in Empire Wind 2 which has now been cancelled following an agreement between the Empire Offshore Wind partners Equinor and bp , and the New York State Energy Research and Development Authority (NYSERDA). The agreement reflects changed economic circumstances on an industry-wide scale, the partners said, adding that the decision recognises commercial conditions driven by inflation, interest rates, and supply chain disruptions that prevented viable development of the wind project. Empire Wind 1, on which construction work began in the fourth quarter of 2023, remains…
