New York Awards Offshore Wind Deals to Orsted, Equinor (1)

New York state agreed to buy electricity from offshore wind farms being planned in the Atlantic Ocean, marking progress for the struggling industry after inflation forced some projects to be canceled.

The projects that won power contracts include Sunrise Wind, an Orsted A/S-backed project from that’s 30 miles east of Long Island, and Equinor ASA’s Empire Wind, which is south of Long Island. The deal was announced on Thursday by the governor’s office.

New York’s move injects promise into an industry that has been bogged down by inflation, rising costs and supply-chain woes — obstacles that ...