Equinor picks Port of Albany to host 1st offshore wind tower factory in US

Artist Rendition of Proposed Site (Photo: Business Wire)

November 13 (Renewables Now) - Norwegian energy company Equinor ASA (NYSE:EQNR) has proposed to build the first US offshore wind tower production facility at the Port of Albany in upstate New York.

The project, developed jointly with sector players Marmen and Welcon, calls for the transformation of the port into a facility capable of manufacturing towers and transition pieces (TPs). It is expected to create as many as 350 direct jobs in the region, starting as early as the second half of 2021.

Equinor currently has four offshore wind projects in the UK and Germany, while in the US, it holds two lease areas -- Empire Wind located about 20 miles south of Long Island and Beacon Wind some 60 miles off the coast of Long Island. UK’s BP Plc (LON:BP) will be a 50% non-operating partner in both developments if, early next year, the two companies finalise a transaction agreed in September 2020.

Less than a month ago, Equinor lodged two bids as part of an up-to-2.5-GW offshore wind solicitation by the New York State Energy Research and Development Authority (NYSERDA). The company’s proposals involve the Empire Wind Phase 2 and the Beacon Wind projects, which can accommodate over 2 GW and 2.4 GW of turbine capacity, respectively.

Equinor noted that the development of the tower factory at the port is contingent upon NYSERDA selecting its bid and multi-port infrastructure investment plans (PIIPs).

“With the ongoing expansion of offshore wind power on the East coast, the Port of Albany would become a natural destination for future projects to source components. The economic potential for the NY Capital Region is enormous,” commented Katie Newcombe, Chief Economic Development Officer for the Center for Economic Growth.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\