By Lorraine Chow | EcoWatch
Norway’s biggest oil company will be developing an offshore wind farm outside of New York. Statoil submitted the winning bid of $42.5 million to the U.S. Department of the Interior’s Bureau of Ocean Energy Management last Friday to lease nearly 80,000 acres of federal waters roughly 14 miles off the coast of Long Island, the Huffington Post reported.
The company estimates that the leased area could host a 1,000-megawatt offshore wind farm, with the first phase of development expected to begin with 400 to 600 megawatts. The first plan of action is to survey seabed conditions which can be as deep as 131 feet, grid connection options and wind resources at the site.
— Statoil (@Statoil) December 16, 2016
“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,” Irene Rummelhoff, Statoil’s executive vice president for Statoil’s renewable energy branch, New Energy Solutions, said in a statement.
New York state aims to generate 50 percent of its electricity needs from renewable resources by 2030 and is betting big on offshore wind to help meet that goal. The Long Island Power Authority, with the support of New York Gov. Andrew Cuomo, is slated to approve a contract for a 90-megawatt offshore wind project 30 miles northeast of Montauk.
— EcoWatch (@EcoWatch) August 1, 2016
Offshore wind is resource begging to be tapped in the U.S., which has a projected 4,223 gigawatts of electric generating potential, LEEDCo estimated.
“The U.S. is a key emerging market for offshore wind—both bottom-fixed and floating—with significant potential along both the east and west coasts,” Statoil’s Rummelhoff said.
Still, the U.S. lags behind other countries in utilizing this form of emissions-free electricity. U.S. offshore wind development has faced a number of stumbling blocks, such as the embattled Cape Wind Project in Massachusetts that has stalled for more than a decade.