Equinor and BP have agreed to purchase the Astoria gas-fired power plant from the US energy group NRG to repurpose it as a converter station connecting renewable offshore wind power to the New York grid (United States). NRG's Astoria gas-fired plant, which has an installed capacity of 503 MW, was commissioned in 1970. The power plant is planned to cease operations and will begin decommissioning in May 2023. Pending permit approvals, Beacon Wind will begin site preparations in 2025. The future converter station, named the Astoria Gateway for Renewable Energy (AGRE), will replace the power plant with a new source of renewable power for New York. The AGRE station will receive 1,230 MW of renewable energy generated by the Beacon Wind offshore wind project, located 60 miles (97 km) off the eastern tip of Long Island, beginning in the late 2020s.
The two companies are developing Beacon Wind offshore Massachusetts in phases. This first phase will provide generation capacity of 1,230 MW of renewable offshore wind power to New York. A second part of the Beacon Wind lease area, Beacon Wind 2, is similar in size to Beacon Wind 1 and will be developed in the future. Beacon Wind 2 is capable of interconnecting to the grid along the East Coast from New Jersey to Massachusetts
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