Empire Wind 2 and Beacon Wind Proposal
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PUBLIC COPY - CONFIDENTIAL INFORMATION REMOVED Purchase of Offshore Wind Renewable Energy Certificates ORECRFP20-1 Beacon Empire FM_20210 Wind Wind PUBLIC COPY - CONFIDENTIAL INFORMATION REMOVED Table of Contents 1 Executive Summary ....................................................................................................... I 2 Impacts of COVID-19 on Proposer and Project Development ..........................................1 3 Proposer Experience .....................................................................................................2 3.1 Organizational Chart ..........................................................................................2 3.2 Specific Experience ............................................................................................3 3.2.1 The North Sea Cluster .............................................................................3 3.2.2 The Baltic Sea Cluster..............................................................................4 3.2.3 The U.S. Cluster ......................................................................................4 3.2.4 The Equinor Advantage ...........................................................................5 3.3 Key Personnel ....................................................................................................7 3.3.1 Empire Wind...........................................................................................9 3.3.2 Beacon Wind ........................................................................................ 15 3.4 Key Consultants ............................................................................................... 20 3.5 Successful Projects ........................................................................................... 23 3.5.1 Equinor’s Offshore Wind Portfolio......................................................... 23 3.5.2 Project Details ...................................................................................... 33 3.6 Partners........................................................................................................... 34 3.7 Experience with NYISO Market ......................................................................... 35 3.7.1 Experience with Electricity Markets....................................................... 35 3.7.2 Experience with Transmission and Interconnection ............................... 38 4 Project Description and Site Control ............................................................................ 39 4.1 Lease Area and Project Overview...................................................................... 39 4.1.1 Empire Wind......................................................................................... 41 4.1.2 Beacon Wind ........................................................................................ 45 4.2 Overview of Major Project Components ........................................................... 50 4.2.1 Wind Turbine Generators and Offshore Collection Facilities ................... 50 4.2.2 Offshore Cable Route............................................................................ 54 4.2.3 Interconnection Point and Landfall Location .......................................... 57 4.3 Land Acquisition............................................................................................... 60 4.3.1 Federal Waters ..................................................................................... 61 4.3.2 State Waters......................................................................................... 61 4.3.3 Onshore Export Cables and Substation .................................................. 61 5 Energy Resource Assessment and Plan......................................................................... 63 5.1 Data Sources.................................................................................................... 64 5.1.1 Current and Ongoing Data Collection .................................................... 64 5.2 Wind Resource Assessment.............................................................................. 66 5.2.1 Annual Energy Production Estimate....................................................... 66 5.3 Losses .............................................................................................................. 67 5.3.1 Power Curve and Wind Data ................................................................. 68 6 Operational Parameters .............................................................................................. 69 6.1 Equinor’s Operations and Maintenance Experience and Approach .................... 69 Equinor Wind US LL C Page i ORECRFP2 0-1 October 2020 PUBLIC COPY - CONFIDENTIAL INFORMATION REMOVED 6.2 Operations and Maintenance Protocols ............................................................ 72 6.2.1 Monitoring and Staffing ........................................................................ 72 6.2.2 Emergency Preparedness ...................................................................... 74 6.3 Maintenance Schedule and Duration ................................................................ 75 6.3.1 Planned Outages................................................................................... 75 6.3.2 Forced Outages .................................................................................... 76 7 Business Entity and Financing Plan............................................................................... 78 7.1 Financial Outlook ............................................................................................. 78 7.2 Organizational Structure .................................................................................. 79 7.2.1 Equinor Wind US LLC............................................................................. 80 7.3 Financing Plan.................................................................................................. 85 7.4 Similar Financing .............................................................................................. 85 7.5 Financial Resources and Strength ..................................................................... 88 7.6 Role of PTC or ITC............................................................................................. 89 ......................................................................................... 90 ........................................................................................ 90 7.7 Financial Statements and Annual Report .......................................................... 91 7.7.1 Board of Directors................................................................................. 91 7.8 Security Capability/Plan ................................................................................... 98 7.9 Credit Events ................................................................................................... 99 7.10 Litigation Events (Project)................................................................................. 99 7.11 Project Lifetime Expectations ........................................................................... 99 7.12 Affiliated Entities and Joint Ventures .............................................................. 100 7.13 Litigation Events (General) ............................................................................. 100 7.14 Investigation Disclosure ................................................................................. 100 8 Interconnection and Deliverability ............................................................................. 102 8.1 Interconnection Plan Overview....................................................................... 102 8.1.1 High-Value Interconnection Points ...................................................... 102 9 Environmental Assessment and Permit Acquisition Plan ............................................. 105 9.1 Permits, Licenses, and Environmental Documentation List .............................. 105 9.1.1 Federal Permits .................................................................................. 106 9.1.2 State Permits ...................................................................................... 114 9.1.3 Local Permits ...................................................................................... 118 9.1.4 Federal and State Agency Coordination ............................................... 118 9.2 Pending Permits, Licenses, and Environmental Documentation Timing ............ 119 9.2.1 Phase I: Continued Survey Planning ..................................................... 120 9.2.2 Phase II: COP, Article VII, Coastal Consistency and NYSOGS Submittals ..................................................................................................... 120 9.2.3 Phase III: USACE, EPA, NOAA NMFS Application Submittals .................. 123 9.2.4 Phase IV: Supplemental Requirements for BOEM and PSC ................... 123 9.2.5 Phase V: Remaining Permit Applications.............................................. 124 9.3 Construction Permit Close-out and Operations Turnover ................................ 124 9.4 Decommissioning........................................................................................... 125 Equinor Wind US LL C Page ii ORECRFP2 0-1 October 2020 PUBLIC COPY - CONFIDENTIAL INFORMATION REMOVED 10 Engineering and Technology ...................................................................................... 126 10.1