BP plc, giving credence to its proposed evolution from oil and gas has aligned with fellow super major Equinor ASA in a $1.1 billion deal to develop a massive wind generation project offshore the East Coast.

NY new england electricity source

The strategic partnership includes developing existing offshore wind license interests on the East Coast and jointly pursuing opportunities for offshore wind across the country. BP is purchasing a half-stake in Equinor’s Empire Wind and Beacon Wind assets; Equinor would be the operator.

Empire Wind, offshore New York City, covers 80,000 acres and is expected to have an installed capacity of 2 GW. Beacon Wind, offshore Massachusetts, has a total area of 128,000 acres and is expected to have an installed capacity of 2.4 GW. 

“This is an important early step in the...