Norwegian offshore wind development in New York

‘Norway and New York share ambitions for renewable energy and green growth. The Norwegian business sector can deliver technology and solutions that promote the global energy transition and will help us to achieve the ambitious climate targets in New York and the US,’ said Mr Støre.

The energy crisis has been exacerbated by Russia’s invasion of Ukraine and the disruption of Russian gas deliveries. This is a grave situation that underlines the urgent need to accelerate the transition to renewable energy.

‘We are faced with challenges that are formidable and seem almost impossible to resolve. We must cut emissions more rapidly and develop a new, global energy system within a few decades. At the same time, we will be navigating the challenging years ahead as Europe moves away from its reliance on Russian gas,’ said Mr Støre.

Norwegian companies have world-leading expertise and extensive experience when it comes to offshore installations and hydrogen and petroleum technology, and thus have a unique competitive advantage in developing offshore wind power.

Equinor is one of the Norwegian companies investing heavily in the US renewables initiative, with a wind power project off the coast of New York. The project is being developed in cooperation with local and international partners and will power nearly two million US homes.

New York State has set a target of 70 % of its energy consumption to be supplied by renewable energy by 2030. A significant portion of this will be generated by offshore wind. Equinor has contracts for three offshore wind power projects off the US East Coast, making Equinor by far the largest offshore wind developer in New York. The first electricity deliveries are expected in 2026.