Equinor and BP join forces on US offshore wind

Norway's Equinor sells 50-percent stakes in two US offshore wind farms to BP, with the two groups thus forming a new strategic partnership in the market.

Photo: Equinor

Norwegian energy company Equinor signs a deal with BP and sells two half stakes in US Eastern Seaboard offshore wind developments Empire Wind and Beacon Wind for a total pre-adjustment price of USD 1.1 billion, Equinor informs in a press statement Thursday morning.

The transaction sets the two companies up in a strategic partnership aiming for further offshore wind expansion in the country, the media release reveals.

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