Tag Archives: Joshua Weinstein

bp and Equinor Restructure Ownership in US Offshore Wind Projects to Optimize Development Strategies

(IN BRIEF) bp and Equinor have entered into an agreement to restructure the ownership of their joint US offshore wind projects, resulting in bp acquiring Equinor’s 50% stake in the Beacon Wind 1 and 2 projects, while Equinor takes ownership … Read the full press release

Equinor and bp Terminate Empire Wind 2 OREC Agreement Amid Economic Challenges

(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release