EnergyWatch

Statoil goes all-in on blossoming US wind market

INTERVIEW: Statoil has designated the US coastlines as a key market in its goal of replacing oil rigs with wind farms. The group's head of wind has rolled up his sleeves and is ready to pay the big bucks in coming tenders to get his hands on the wealth that "we can currently only dream of."

Statoil is currently installing the world's first floating wind farm in Scotland and hopes to repeat the move on the other side of the Atlantic. | Photo: Jan Arne Wold

NEW YORK

In 2015 when the US state of Massachusetts encouraged energy companies around the world to bid on the rights to construct offshore wind turbines in four areas off the coast, the interest was minimal. The state sold the licenses for two of the areas at major discounts after just two rounds of bidding.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Price cap on gas in Europe is a complex issue and potentially very costly

European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.

Further reading

Related articles

Latest News

See all jobs