Transitioning oil giants Equinor and BP have together signed a deal to invest as much as $250m to transform the South Brooklyn Marine Terminal (SBMT) on New York state’s eastern seaboard into a leading offshore wind port to service the 3.3GW of capacity the joint venture currently has under development via its Empire Wind 1&2 and Beacon Wind projects.

The pair’s joint venture (JV) is in the vanguard of the New York’s push to develop 9GW of offshore wind by 2035, with 2GW Empire Wind and 1.3GW