Equinor Gets Offshore Wind Lease on US West Coast
08 December 2022 - 6:47PM
Dow Jones News
By Dominic Chopping
Equinor ASA said Thursday that it has secured a commercial-scale
offshore wind lease on the U.S. west coast.
The Norwegian energy major said it paid $130 million for a 2
gigawatt lease in the Morro Bay area that has the potential to
generate enough energy to power around 750,000 U.S. homes.
"The U.S. west coast is one of the most attractive growth
regions for floating offshore wind in the world due to its
favorable wind conditions and proximity to markets that need
reliable, clean energy," said Molly Morris, president of Equinor
Wind U.S.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 08, 2022 02:32 ET (07:32 GMT)
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