Equinor secures $3 Billion financing for New York’s Offshore Wind Farm

Norwegian energy developer Equinor has secured a project financing package of $3 Billion for New York’s first offshore wind farm. Empire Wind 1 is situated on the coast of Long Island and has an area of 80,000 acres. With a total capacity of 810 MW, the wind farm will power 500,000 households and is expected to be completed by 2027.