London, January 02, 2025, (Oilandgaspress) ––– Equinor’s Empire Wind 1 project in the US has now secured a project financing package of over USD 3 billion. Financial close was reached at the end of December 2024.
Empire Wind 1 will power 500,000 New York homes and is expected to reach its commercial operation date in 2027.
The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT), are approximately USD 5 billion including the effect of expected future tax credits (ITCs).
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