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PPAClosedJuly 9, 2024

Empire Wind 1 — 810 MW offshore wind, NY Bight (~15-30 mi south of Long Island)

Re-priced replacement of original $118.38/MWh Empire Wind 1 contract. Awarded under NYSERDA NY4 solicitation Feb 29, 2024; finalized June 4, 2024. 25-year term. Enabled $3B+ project financing close late December 2024. Combined with sister Empire Wind 2 cancellation earlier in 2024 — bp also exited via swap with Equinor.

$155

Deal Value

810MW

Capacity

Offshore Wind

Technology

NY

Location

Deal Details

Deal Type
Power Purchase & Offtake
Seller / Sponsor
Equinor (after BP swap)
Buyer / Financier
NYSERDA
Offtaker
NYSERDA
Deal Value
$155.00/MWh strike (25-year term)
Stage
Construction
ISO/RTO
NYISO
Source
NYSERDA

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