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Statoil wins New York wind auction

By: Tom Russell 19/12/2016 Statoil

General Windfarms

Statoil has secured rights to explore the potential development of up to 1GW of offshore wind off New York after winning the U.S Bureau of Ocean Energy Management's (BOEM) blind auction. The company won the auction for the 79,350 acre site with a winning bid of $42.5m (£32m or €40m), roughly $132m/km² (£105/km² or €125/km²).

The New York Wind Energy 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).

Avangrid Renewables, LLC, DONG Energy Wind Power (U.S.) Inc., Innogy US Renewable Projects LLC, New York State Energy Research and Development Authority, and wpd offshore Alpha LLC also participated in the lease sale.

“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,” says Irene Rummelhoff, Statoil´s executive vice president for New Energy Solutions.

The lease comprises an area that could potentially accommodate more than 1GW of offshore wind, with a phased development expected to start with 400-600MW.

Statoil will next conduct studies to better understand the seabed conditions, the grid connection options and wind resources involved in the lease site.

“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,” says Rummelhoff.

The State of New York predicts that offshore wind will be a significant part of the renewable energy generation needed to meet its Clean Energy Standard in 2030.

“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,” says Rummelhoff.

In the UK, Statoil currently holds a 40% share in the Sheringham Shoal wind farm which has been in production since 2012. It also holds shares in the Dudgeon offshore wind farm, also located offshore Norfolk in the UK – and the world’s first floating offshore wind farm, Hywind Scotland – commercial operation expected for 2017. Earlier this year, Statoil acquired 50% of the Arkona offshore wind farm in Germany, which will come in production in 2019.

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Statoil wins New York wind auction

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