November 22, 2023 | utilitydive.com
Photo Credit: womenoffshore.org
Empire Wind, an Equinor and BP project being developed off the coast of New York, has received federal approval, the Department of the Interior announced Tuesday.
The U.S. offshore wind industry has undergone financial turmoil over the last year as rising interest rates, inflation, permitting challenges and supply chain problems have dogged these capital-intensive projects. Read More: Click Here NJ SEED: The state is determined to press ahead with plans to establish offshore wind farms no matter what the cost to consumers, the fishing industry, or the environment.