May 16 (Reuters) - Norwegian energy company Equinor ( EQNR )
has received approval from the New York State Public
Service Commission to start building its Empire Wind 1 offshore
wind farm, Governor Kathy Hochul said on Thursday.
Electricity generated from offshore wind farms is important
to U.S. and state goals of cutting greenhouse gas emissions.
But the industry has been hit this year by inflation, higher
interest rates and supply chain delays. In January, Equinor ( EQNR ) and
BP terminated their agreement to sell power to New York
state from their proposed Empire Wind 2 offshore wind farm.
The 810-megawatt (MW) Empire Wind 1 project will contribute
to the state's goal of developing 9,000 MW of offshore wind
power by 2035, Hochul said in a statement. Empire Wind 1 will
connect into the transmission system for New York City.
The approval is the last one Equinor ( EQNR ) required for
construction to begin. In March, Equinor ( EQNR ) said it had received
approval from the Federal Energy Regulatory Commission.
The wind farm is scheduled to start producing power in 2026.