Equinor’s wind projects in Europe and around the world have consistently been significant job creators. It is too early to assess specific economic impacts for Boardwalk Wind, but estimates will be provided as soon as data is available
Yes. Some impact is anticipated for the immediate area during the construction phase, but following the turbine installation, normal fishing activities should be able to resume. Equinor is committed to cooperation with other marine industries throughout the development of Boardwalk Wind to minimize the project’s impact.
Visibility depends on a wide range of factors from site altitude to weather conditions. Equinor expects that, under certain conditions, the turbines could be visible from shore. Models are currently in development to examine visibility under different conditions.
Equinor spent $42.5 million to obtain the lease area where Boardwalk Wind is located. The construction of Boardwalk Wind will be financed by private investors. Investments for a 1 GW wind farm project typically fall in the range of $3 billion. There will be no cost to American taxpayers.
When functioning at full capacity, Empire Wind will generate enough clean energy to power about one million American homes.
Equinor is committed to securing clean energy through responsible, sustainable development practices. Any significant impacts to fisheries, view sheds, or other resources will be carefully considered during the development process. Equinor will also continue active dialogue around issues of concern.
At the moment, Equinor is focused on developing clean energy for the northern mid-Atlantic metropolitan area. Over the coming decade, the company is well positioned to take part in what could be a significant build-out of offshore wind in other states. The United States is a key emerging market for offshore wind, with huge potential along both the east and west coasts, from Massachusetts to California and Hawaii.
The research and permitting phase for Boardwalk Wind is expected to last four to five years. Early estimates suggest that first power could be generated by the mid-2020s. As the project progresses, these estimates will be updated.
The estimated capacity of the federal leasing area on which Boardwalk Wind is located, is close to 2 GW of power. If fully developed, the lease area could potentially provide clean, renewable energy to more than one market at once.