BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion. Under the agreement the oil giants announced on Thursday, BP will buy 50 percent in Equinor’s Empire Wind and Beacon Wind assets off Long Island and offshore Massachusetts, respectively, for US$1.1 billion. Equinor will remain operator of the sites. Empire Wind offshore New York City is expected to have an installed capacity of 2 gigawatts (GW), providing clean energy to more than 1 million homes, while Beacon Wind offshore Massachusetts is designed to have an installed capacity of 2.4 GW, providing clean and reliable energy to another million U.S. households. BP’s strategic partnership with Equinor will mean that the companies will also explore future offshore wind opportunities in the U.S. BP’s first foray into offshore wind is part of its strategy […]