Equinor(US:EQNR) Globenewswireยท2025-04-17 14:37Core Points - Empire Offshore Wind LLC has been ordered by the US government to halt offshore construction for the Empire Wind project until a review is completed by the Bureau of Ocean Energy Management (BOEM) [1][4] - Empire is exploring legal remedies, including an appeal against the halt work order [2] - The Empire Wind project has secured all necessary federal and state permits and is under construction, aiming to provide electricity for New York [3][4] - The project has created over 1,500 jobs and has the potential to power 500,000 homes in New York [3] - As of March 31, 2025, the gross book value of Empire Wind is approximately USD 2.5 billion [4] - The total amount drawn under the project finance term loan facility is around USD 1.5 billion [5] - Equinor US Holdings Inc has provided guarantees for the equity commitment in the project financing [5] - The halt work order will be disclosed in the first quarter 2025 report [6] - Equinor has invested over USD 60 billion in the US across various sectors, including renewables [6]