Workflow
Offshore wind’s future uncertain as Congress targets federal subsidies
CNBC Television·2025-06-26 11:32

I'm here at the South Brooklyn Marine Terminal, which Ecuador is redeveloping in order to service its offshore wind project off the coast of Long Island. Called Empire Wind One. It will include 54 turbines, each 951 ft tall, providing 810 megawws.That's enough to power 500,000 homes. It's a big investment for Norway based Ecuador, which is spending about $5 billion, including 1 billion, to redevelop the marine terminal. It is a hub of activity creating more than 1,000 union jobs.But just a few weeks ago, th ...