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
