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Benzinga

Business

Akanksha Bakshi

Jacobs Engineering To Redevelop South Brooklyn Marine Terminal

NYSE Brooklyn BP PLC Equinor ASA Jacobs Engineering Group Inc New York

Jacobs Engineering Group Inc (NYSE:J) has been selected by Empire Offshore Wind, a joint venture between Equinor ASA (NYSE:EQNR) and BP plc (NYSE:BP), for the detail design of New York's South Brooklyn Marine Terminal (SBMT). Financial terms not disclosed.
The facility in Sunset Park, Brooklyn, will serve as an operations and maintenance base and staging and assembly port for wind turbine installation.
The site redevelopment will transform more than 70 acres of underutilized property in the Sunset Park neighborhood of Brooklyn into a working waterfront.
Engineering and design began in March 2022, with construction to start at SBMT during the second half of 2023.
Price Action: J shares are trading higher by 0.43% at $139.34 on the last check Wednesday.

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