Equinor has announced that it will comply with the stop-work order issued by the US Department of Energy for offshore wind projects

OSLO, December 22 - Norwegian Energy Group Equinor announced?on Sunday that it was complying?with a?stopwork order issued by the U.S. regarding its Empire Wind 1 off shore wind project and engaging authorities.

On Monday, the U.S. Department of the Interior announced that it had suspended leases for five large-scale offshore projects due to national security concerns.

Equinor stated that Empire 'Wind' is adhering to the notice ordering the cessation of ongoing activities and engaging with relevant authorities in order to better understand the issue.

The company said that the?project? off the coast New York has a?capacity of 810 megawatts. This is enough to power more than 500,000 homes. It was also completed at 80%.

Equinor stated that the stop work order was a threat to ongoing activities. Without a quick resolution, there could be "significant?impacts" on the project.

Empire Wind and the South Brooklyn Marine Terminal, where it is constructed, had a total book value of $3.1 billion on September 30, 2025.

According to the company, the total amount borrowed under the project financing term loan was around $2.8 billion by November 30, 2025.

This is the second stop-work order issued for this project. Equinor booked an impairment of $763 million in July related to Empire Wind 1 as well as the South Brooklyn Marine Terminal. (Reporting and editing by Stine Jacobsen, Nik Williams and Stine Jacobsen)

(source: Reuters)