Equinor secures $3B for Empire Wind 1 offshore wind farm.

Equinor has secured a $3 billion financing package for its Empire Wind 1 offshore wind farm project in New York, with total capital investments expected to reach $5 billion. Despite some setbacks in other commercial-scale projects in the Northeast, Equinor remains on track to begin commercial operations in 2027. The U.S. offshore wind industry faces challenges and progress, with Equinor's successful financing reflecting strong lender interest and the approval of the SouthCoast Wind project as the 11th commercial-scale offshore wind project under the Biden administration. [Extracted from the article]