(Reuters) Norway’s Equinor said on Thursday it had entered into a swap transaction with BP to take full ownership of Empire Wind lease and projects while the British energy company takes over Beacon Wind.
Equinor will also take over BP’s 50% share of the South Brooklyn Marine Terminal (SBMT) lease, the company said.
Following the agreement with BP, Equinor has submitted a bid for the Empire Wind 1 project in New York’s fourth offshore wind solicitation round, the company added.
New York State last year launched a new accelerated offshore wind solicitation in a bid to revive troubled projects and keep the state on track to meet its renewable energy goals.
Denmark’s Orsted, Equinor and BP already have contracts to sell power in New York from offshore wind farms, but the new solicitation allows the companies to re-offer their planned projects at higher prices and exit their old contracts.
Brazil Energy Insight 
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