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Share Price Information for BP (BP.)

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Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
Spread: 0.10 (0.02%)
Open: 506.40
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UPDATE 1-Equinor, BP win New York contracts for offshore wind power

Wed, 13th Jan 2021 19:11

(Adds quotes, background)

OSLO, Jan 13 (Reuters) - Norwegian energy major Equinor
has won a contract to supply offshore wind to the U.S.
state of New York from the planned Empire Wind 2 and Beacon Wind
1 projects, the company said in a statement on Wednesday.

Operator Equinor announced in October it was bidding for the
two projects, which together have the potential to power more
than one million U.S. homes, and with BP as a 50%
non-operating strategic partner.

"The successful bids for Empire Wind 2 and Beacon Wind 1
represent a game-changer for our offshore wind business in the
U.S. and underline Equinor's commitment to be a leading company
in the energy transition," Equinor Chief Executive Anders Opedal
said.

"These projects will also create value through economies of
scale and support our strategic ambition of becoming a global
offshore wind major," he added.

Equinor and BP will provide 1,260 megawatts (MW) of
renewable offshore wind power from Empire Wind 2 and 1,230 MW of
power from Beacon Wind 1, adding to an existing commitment to
provide 816 MW of renewable power from Empire Wind 1.
(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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