HEADWINDS: Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York
(Reuters) – European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues. “This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue development …
HEADWINDS: Equinor, BP Cancel Contract to Sell Offshore Wind Power to New York Read More »