Equinor wins commercial-scale lease in California

With a bid of USD 130 million for 80.062 acres in the Pacific Ocean, Equinor secured a 2GW lease in the Morro Bay area.

 

Following regulatory approvals, the new lease will be added to Equinor’s existing US portfolio – which includes the Empire Wind and Beacon Wind projects on the US Northeast coast – and has the potential to generate a total capacity of at least 2 GW of renewable power for the West Coast.