Statoil wins offshore wind lease


Statoil wins offshore wind lease

offshore wind lease

 

Statoil is announced as the provisional winner of the offshore wind lease sale of 79,350 acres off the coast of New York by the US Government.

 

The winning bid was a whopping $42,469,725 by auction of the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM).  The area leased could potentially be home to a 1GW offshore wind farm with the first phase of development beginning at roughly 400-600GW. According to the press release, the area is located 14-30 miles (30-60 km) offshore, spans 79,350 acres (321 km2), and covers water depths between 65 and 131 feet (20-40 meters).

 

Statoil´s executive vice president for New Energy Solutions, Irene Rummelhoff said:

 

“We are excited to have submitted the most competitive bid in a highly attractive project, Statoil’s first offshore wind lease in the United States. We now look forward to working with New York’s state agencies and contribute to New York meeting its future energy needs by applying our offshore experience and engineering expertise.”

 

“We will work closely with the New York State Energy Research and Development Authority (NYSERDA) on these studies and throughout the permitting process, and in connection with power offtake options.”

 

“The US is a key emerging market for offshore wind – both bottom-fixed and floating – with significant potential along both the east and west coasts. As today’s announcement shows, Statoil is well positioned to take part in what could be a significant build out of offshore wind in New York and other states over the next decade. This effort is in line with the company’s strategy to gradually complement our oil and gas portfolio with viable renewable energy and other low-carbon solutions.”

 

Although Statoil started out as an oil and gas production company, the organization has moved into renewables within the last decade.

Posted By Sally on December 20, 2016 | 0 Comment

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