Equinor ASA (NYSE:EQNR) finalized a Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority (NYSERDA) for renewable power from the Empire Wind 1 offshore wind project. This agreement follows NYSERDA’s disclosed in February that Equinor had been chosen as a conditional winner in New York’s fourth offshore wind solicitation. Construction is underway at the South Brooklyn Marine Terminal for Empire Wind 1, the first offshore wind project directly linked to the New York City grid. Power delivery is slated to begin by late 2026. Empire Wind 1 is projected to achieve forward-looking real base project returns within ...