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www.beaconwind.com

Beacon Wind is planned for an area of 128,000 acres in federal waters approximately 60 miles east of Montauk Point and 20 miles south of Nantucket. When complete, Beacon Wind will provide reliable, renewable power to over a million households in the Northeast.

Equinor is pursuing the development of offshore wind projects on the east and west coasts of the United States and is quickly becoming a leader in the country’s growing offshore wind industry. Beacon Wind is a key contributor to Equinor’s strategic position in the U.S.

Recent press releases:

Equinor Backing Port of Albany to Host Nation’s First Offshore Wind Manufacturing Facility

10/20/2020 — Equinor ready to expand offshore wind in New York and invest locally.

09/10/2020 — Equinor partners with BP in US offshore wind to capture value and create platform for growth.

06/22/2020 – Offshore wind leaseholders release statement on BOEM’s SEIS

Stamford, CT, 06/02/2020 – Equinor announced the official name of its wind project off New England coast.

12/14/2018 – Equinor acquires offshore wind lease outside Massachusetts

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About Beacon Wind

Beacon Wind in brief:

  • In early 2019 Equinor successfully secured Lease OCS-A 0520 – Beacon Wind – offshore New England for 135 million dollars in the Department of the Interior’s Bureau of Ocean Energy Management lease auction
  • We initiated state-of-the-art aerial wildlife surveys in December 2019
  • Equinor is committed to responsible offshore wind development. Beacon Wind will undertake a robust review process to secure all necessary permits for the project over the next 5-7 years
  • Beacon Wind will undertake geophysical and geotechnical surveys to gain information about seabed features, geological conditions, presence of hazards, and other features of the lease area.
  • Equinor has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets. Equinor will remain the operator of the projects in these leases through the development, construction and operations phases.
  • BP’s acquisition of the interests in Empire Wind and Beacon Wind has an effective date of 1 January 2020 and is expected to close in early 2021, subject to customary conditions including purchase price adjustments and authority approval. 

Equinor and sustainability


Equinor’s strategic direction is clear. Our ambition is to reduce net carbon intensity by at least 50% by 2050. To achieve this goal, we will invest in a significant increase in our renewables capacity.

In 2026, we expect a production capacity from renewable projects of 4 to 6 GW, approximately 10 times higher than today’s capacity. Towards 2035, we expect to increase installed renewables capacity to 12 to 16 GWs. Equinor expects to achieve unlevered real project returns of 6 to 10% and can achieve significantly higher return on equity investments through portfolio optimization and efficient use of project financing. It is a good business strategy to ensure competitiveness and drive change towards a low carbon future.

We are developing as a broad energy company, leveraging the strong synergies between oil, gas, renewables, CCUS and hydrogen. We can and will do more. As part of the energy industry, we must be part of the solution to combat climate change.  

Environmental and social impact

Beacon Wind is committed to best practices to mitigate environmental and social impacts from the development of renewable energy in the lease area. We believe in the cooperative coexistence of offshore wind development with wildlife and other marine industries.

Beacon Wind is conducting many environmental studies to learn how to best coexist with marine life and birds in the lease area. We are committed to sharing our data with the public.

Fisheries

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Photo: Ron Larsen - Sea Risk Solutions, LLC

Equinor Wind is committed to coexistence with commercial and recreational stakeholders and aims to achieve this by proactively avoiding or minimizing impacts on fishing throughout all phases of the project life-cycle. Consultations with fishermen from Massachusetts to New Jersey are ongoing to receive their valuable feedback.

How to contact us

Beacon Wind
BeaconWind@Equinor.com
1 Lincoln Street
Boston, MA 02111