Equinor's Empire Offshore Wind Reports Compliance With Suspension Order

MT Newswires Live2025-12-23

Equinor's (EQNR) Empire Offshore Wind LLC said late Monday it is complying with the notice received from the Bureau of Ocean Energy Management ordering the suspension of ongoing activities on the Outer Continental Shelf because of national security concerns.

"Empire and its contractors are complying with the order, safely suspending all ongoing activities related to the Empire Wind Project on the Outer Continental Shelf, with the ability to perform any activities that are necessary to respond to emergency situations and/or to prevent impacts to health, safety, and the environment," according to a statement.

Empire Offshore Wind is expected to provide enough power to electrify 500,000 homes by connecting to New York's grid. The project is more than 60% complete.

Empire Offshore Wind has, as of Sept. 30, a gross book value of about $3.1 billion, the company said. The total amount drawn under the project finance term loan facility was around $2.8 billion by the end of November.

Equinor's ownership of Empire Offshore Wind is held through Equinor Wind US LLC.

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