Equinor upbeat about investor interest in US offshore wind farm [Reuters]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Reuters
a new power off-take agreement improved the project's economics, the company said on Thursday. New York State authorities awarded the project a new conditional power purchase contract, replacing a previous deal that was no longer competitive due to rising construction costs, higher interest rates and supply chain snags. Equinor was glad to have received the new contract, which significantly changed the economics of the project, CFO Torgrim Reitan told analysts during an earnings call on Thursday. "2024 is the year of de-risking for the Empire Wind 1 project in New York and we are progressing," he said. The company plans to sell a stake as part of a so-called farm down to a new partner to reduce capital expenditure, with Reitan saying there was "a broad set of potential interested parties". It would mark the second farm down for Empire Wind 1, after Equinor earlier this year with its previous partner BP Equinor will reveal the price of its new contract with New York once it
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EQNR
Earnings
- 7/26/23 - Miss
EQNR
Sec Filings
- 4/30/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- EQNR's page on the SEC website