M
MercyNews
Home
Back
Equinor Resumes New York Offshore Wind Construction
Politics

Equinor Resumes New York Offshore Wind Construction

CNBC4h ago
3 min read
📋

Key Facts

  • ✓ Equinor, a Norwegian energy company, has announced it will resume construction on its New York offshore wind project following a judge's decision to lift a previous suspension.
  • ✓ The company stated it will focus on safely restarting construction activities as operations resume on the major renewable energy initiative.
  • ✓ The offshore wind project represents a significant investment in clean energy infrastructure for the New York region.
  • ✓ Equinor brings extensive offshore energy expertise to the project, drawing on Norwegian experience in complex maritime construction operations.
  • ✓ The resumption of construction marks an important milestone for the project's timeline and for offshore wind development in the United States.
  • ✓ The project contributes to broader renewable energy goals and represents part of the expanding offshore wind industry globally.

In This Article

  1. Quick Summary
  2. Project Resumption
  3. Strategic Importance
  4. Industry Context
  5. Looking Ahead
  6. Key Takeaways

Quick Summary#

Equinor, the Norwegian energy company, has confirmed it will restart construction on its major New York offshore wind project. This decision follows a judge's ruling to lift a previous suspension that had halted progress on the renewable energy initiative.

The project represents a significant investment in clean energy infrastructure for the region. Company officials emphasized their commitment to safety as they prepare to resume operations.

Project Resumption#

The offshore wind development in New York faced a temporary legal suspension that delayed construction timelines. With the court's decision to lift this suspension, Equinor can now proceed with its planned activities.

The company's statement highlighted a methodical approach to restarting operations. Safety protocols will be prioritized as construction teams return to the project site.

Equinor stated it "will now focus on safely restarting construction activities."

The Norwegian company's commitment to safety reflects industry standards for large-scale offshore energy projects. Construction teams will follow established procedures to ensure operational integrity.

"will now focus on safely restarting construction activities."

— Equinor

Strategic Importance#

The New York offshore wind project represents a major renewable energy investment for the region. Offshore wind development has become increasingly important for meeting clean energy targets and reducing carbon emissions.

Equinor's involvement brings significant expertise in offshore energy operations. The company's Norwegian background provides experience in complex maritime construction projects.

Key aspects of the project include:

  • Development of offshore wind capacity in New York waters
  • Investment in renewable energy infrastructure
  • Contribution to regional clean energy goals
  • Creation of specialized maritime construction jobs

The resumption of construction activities signals progress for the broader offshore wind industry in the United States.

Industry Context#

Offshore wind projects have gained momentum as critical components of renewable energy strategies. The New York project represents part of a larger trend toward maritime renewable energy development.

Legal and regulatory processes are standard for large-scale energy projects. The lifting of the suspension demonstrates the project's ability to navigate these requirements.

The construction restart comes at a time when offshore wind capacity is expanding globally. Equinor's experience in offshore operations positions the company to manage the technical challenges of marine construction.

Industry observers note that successful completion of such projects can serve as models for future offshore wind developments.

Looking Ahead#

With construction activities set to resume, the project can now move toward its next milestones. The safe restart of operations remains the immediate priority for Equinor's project team.

The development represents progress for New York's renewable energy landscape. Successful completion of the offshore wind project would contribute significantly to the state's clean energy portfolio.

Future phases of the project will depend on continued progress and adherence to safety standards. The resumption of construction marks an important step toward operational completion.

The offshore wind industry continues to watch such developments closely, as each successful project helps establish best practices for maritime renewable energy development.

Key Takeaways#

The resumption of construction on the New York offshore wind project represents a significant development for renewable energy in the region. Equinor's commitment to safety-first operations underscores the company's approach to complex maritime construction.

This project demonstrates the ongoing evolution of offshore wind development in the United States. The lifting of the suspension allows the project to advance toward its goal of contributing clean energy to the grid.

As construction activities resume, the project moves closer to completion and operational status. The development serves as an example of how large-scale renewable energy projects can navigate regulatory challenges to achieve progress.

Continue scrolling for more

Mercedes Reopens US EV Orders After Six-Month Pause
Automotive

Mercedes Reopens US EV Orders After Six-Month Pause

Mercedes' EQ line of EVs are back in US dealerships, after a roughly six month pause in orders. At the same time, the new electric CLA is just starting to hit the market.

2h
4 min
6
Read Article
THEN AND NOW: Vintage photos show how department stores have changed
Economics

THEN AND NOW: Vintage photos show how department stores have changed

Department stores, then and now. Bettmann/Getty Images ; Kamil Krzaczynski/Getty Images Department stores have changed dramatically over the last 100 years. Department stores once sold necessities. Now, many are struggling to remain in business. While some classic chains cease to exist, other retailers have found ways to increase sales. In the early 1900s, department stores existed to sell necessities, including food, home goods, and apparel. Today, many luxury department stores are struggling to survive. The rise of the internet and surge in online sales have placed a major strain on department stores. Saks Global, the parent company of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, became the latest department retailer to file for bankruptcy on Tuesday. Take a look at how department stores have changed over the last 100 years. In the early 1900s, department stores were focused on selling the necessities. A Harrods department store. Heritage Images/Getty Images Core products included clothing and home goods. During times of war, the necessities on sale included military jackets, coats, and accessories. That's why Harrods, a famous department store in London, featured an in-house tailoring room throughout World War I. The space was utilized to alter used uniforms and sell new ones. Department stores still sell the basics, but novelty items are also typically present. A modern Harrods department store. Prisma by Dukas/Getty Images You can find everything from household tools and fashionable clothes to toys and knickknacks at modern department stores — they seem to sell everything, in an apparent bid to compete with online retailers. Harrods also sells store-branded items, including bags, stationery, and teddy bears. Leading up to the 1930s, department stores were often crowded. A crowded department store. Bettmann/Getty Images Around 1929, people were encouraged to shop in order to help boost the nation's sinking economy, Fortune reported. But that same year, the stock market crashed, and the Great Depression officially began. The period lasted for 10 years, causing major layoffs, failing banks, and mass poverty. Today's department stores rarely see such large crowds, aside from major shopping events like Black Friday. CHICAGO, ILLINOIS - NOVEMBER 29: Shoppers visit Macy's department store on Black Friday on November 29, 2024 in Chicago, Illinois. Black Friday marks the official start of the holiday shopping season. Kamil Krzaczynski/Getty Images Even during major holiday sales, many modern shoppers still prefer to shop online from the comfort of their homes. In 2025, shoppers in the US were projected to spend a record $11.7 billion online on Black Friday, an 8.3% increase from 2024. It marked a contrast from the wild Black Friday scenes that could be seen in stores in the decade before the COVID-19 pandemic. In the 1920s, employees worked in department store basements to make change for cashiers upstairs. Women working in the basement of a department store making change for the cashiers upstairs, early 1920s. The tubes are operated by a vacuum system that transports the change containers. (Photo by Underwood Archives/Getty Images) Underwood Archives/Getty Images In large stores that existed across multiple floors, vacuum systems transported the change upstairs through tubes. None of those "tube rooms" are needed anymore, thanks to computers and credit cards. JERSEY CITY, NJ - NOVEMBER 25: Customers line up at the cashier area at a Macy's store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Black Friday, the day after Thanksgiving, is traditionally regarded as the start of the holiday shopping season, with shoppers flocking to stores and online for bargains, but with consumer confidence down, retailers are bracing for a considerably slower Black Friday. Kena Betancur/Getty Images Modern shoppers often don't even have to interact with a cashier if they don't want to. Instead, they can use touchscreen self-checkout machines to purchase products from many department stores. Starting in 1924, Macy's celebrated the holidays with its first annual "Christmas Parade." A photo from the first parade was taken in 1924. Macy's Live animals such as elephants were included in the early days of the Macy's parade. Balloons depicting popular characters such as Mickey Mouse appeared a little later in the '30s. The name has since been changed to the "Macy's Thanksgiving Day Parade." The Radio City Rockettes at the Macy's Thanksgiving Day Parade. Scott Gries/NBC via Getty Images Other aspects of the yearly tradition have also been changed. For example, live animals have been replaced with people dressed in costumes, and giant marching bands have become a staple. Tons of celebrities have also appeared on floats. Minimal merchandise was showcased in store window displays throughout the '40s. A department store display window. Kirn Vintage Stock/Getty Images Beginning in the 1870s at Macy's, some chain retailers in New York City have made it a tradition to decorate store-front windows each holiday season. There was some art to these displays, as props were placed alongside mannequins and merchandise to create a scene. Contemporary display windows are unlike anything of the past. A holiday display window at Macy's. Nicolas Economou/NurPhoto Modern department stores often incorporate technology, moving props, and bright lights into window displays. As early as 1923, Barneys New York was a popular department store. Barneys New York. Peter Morgan/AP Barneys New York was created by a man named Barney Pressman when he pawned his wife's engagement ring and opened a shop on Seventh Avenue and 17th Street in New York City. By the '60s, Barney's son, Fred, had turned the location into a luxury store, and the company became a national sensation throughout the 1990s and 2000s. By 2019, there were 22 stores in the US. However, the chain faced difficulties and shuttered all stores in 2020. A closing sale at Barneys New York. WWD/Penske Media via Getty Images Barneys New York filed for Chapter 11 bankruptcy in August 2019 and closed all remaining stores in February 2020. Bonwit Teller was once a prominent luxury department store with a flagship location in New York City. A Bonwit Teller department store. George Rinhart/Getty Images The store was known for selling a range of high-end women's clothing inside a luxurious Art Deco building. It grew to more than a dozen locations across cities, including Chicago, Philadelphia, and Columbia, South Carolina. By 2000, every Bonwit Teller store had gone out of business. Bonwit Teller's closing sale. Barbara Alper/Getty Images In 1979, the Bonwit Teller company was sold from its original owners to outside corporations. Ten years later, in 1989, the store filed for bankruptcy and began shutting all of its stores, with its last location closing in 2000. While the flagship Bonwit Teller store would have been exempt from the closure, the building was purchased by Donald Trump in 1979, who demolished it to build Trump Tower. The Saks Fifth Avenue flagship store in New York City opened in 1924. Saks Fifth Avenue. Bettmann Archive/Getty Images Saks Fifth Avenue was once a bustling destination for luxury shoppers. At 650,000 square feet, the store spans an entire city block. Saks Global filed for bankruptcy on Tuesday. Saks Fifth Avenue in New York City. ANGELA WEISS/AFP via Getty Images Saks Global's 2024 acquisition of Neiman Marcus for $2.7 billion left the company in debt and struggling to pay luxury vendors, some of whom have withheld inventory. Business Insider reporter Madeline Berg visited the Saks Fifth Avenue flagship store the day Saks Global announced it was filing for bankruptcy and found it to be "nearly empty" with little foot traffic. Read the original article on Business Insider

2h
3 min
0
Read Article
Andean Artist Antonio Paucar Wins Prestigious Artes Mundi Prize
Culture

Andean Artist Antonio Paucar Wins Prestigious Artes Mundi Prize

Andean artist and beekeeper Antonio Paucar has won one of the UK's most prestigious contemporary arts awards. He plans to use the £40,000 prize to build a cultural center in the Peruvian mountains.

2h
5 min
6
Read Article
L.A. Film Production Declines 12.3% in Q4 2025
Entertainment

L.A. Film Production Declines 12.3% in Q4 2025

Los Angeles production showed no sign of a rebound in the fourth quarter of 2025, as the industry is still waiting for a hike in state incentives to have an effect.

2h
5 min
6
Read Article
Interactive Brokers Launches 24/7 USDC Funding
Cryptocurrency

Interactive Brokers Launches 24/7 USDC Funding

Interactive Brokers has unlocked round-the-clock funding using USDC stablecoins, with Ripple and PayPal integrations planned for next week.

2h
5 min
6
Read Article
Meta Reverses WhatsApp AI Ban in Key Markets
Technology

Meta Reverses WhatsApp AI Ban in Key Markets

Meta has confirmed that the third-party LLM ban on WhatsApp will not apply to users in Italy and Brazil. The decision follows intense regulatory scrutiny in two of the platform's largest markets.

2h
5 min
6
Read Article
Lufthansa Halts Tel Aviv Flights Amid Iran Tensions
World_news

Lufthansa Halts Tel Aviv Flights Amid Iran Tensions

Several European Lufthansa group carriers have suspended night flights to Tel Aviv in anticipation of a potential US strike on Iran, creating chaos for travelers and raising questions about regional stability.

2h
5 min
6
Read Article
Crypto Bill Stalls After Coinbase Reversal
Cryptocurrency

Crypto Bill Stalls After Coinbase Reversal

The crypto industry's legislative push hit a major roadblock this week as a market structure bill was delayed following a surprise reversal from Coinbase. Industry leaders are now scrambling to salvage the legislation.

2h
5 min
12
Read Article
Amazon Challenges Saks Global Bankruptcy Plan
Economics

Amazon Challenges Saks Global Bankruptcy Plan

The e-commerce giant has asked a federal judge to reject Saks Global's bankruptcy financing plan, warning it may seek 'more drastic measures' if its concerns aren't resolved.

2h
5 min
12
Read Article
Higgsfield AI Video Startup Lands $1.3B Valuation
Technology

Higgsfield AI Video Startup Lands $1.3B Valuation

AI video startup Higgsfield, founded by a former Snap executive, has reached a $1.3 billion valuation following a new funding round.

2h
3 min
12
Read Article
🎉

You're all caught up!

Check back later for more stories

Back to Home