Overview
- The Bureau of Ocean Energy Management has lifted the stop-work order on Empire Wind 1, allowing Equinor to resume construction on the 30% complete project.
- The reversal followed weeks of lobbying by New York Governor Kathy Hochul, who emphasized the importance of the project for jobs and renewable energy targets.
- Equinor had warned of potential cancellation, citing $50 million weekly losses during the halt and the risk of delaying the project by up to a year.
- The $5 billion project, comprising 54 turbines, is expected to power 500,000 New York homes and contribute significantly to state and national renewable energy goals.
- Equinor plans to reassess the project’s financials in the second quarter and coordinate with suppliers to minimize delays caused by the month-long pause.