Statoil Wins Lease To Build Offshore Windfarm On The East Coast

"Norwegian company Statoil will lease from the U.S. government nearly 80,000 acres off the coast of New York for an offshore wind farm, the company announced in a news release on Friday.

Statoil secured the lease by submitting the top bid of more than $43 million during an auction for the U.S. Department of the Interior’s Ocean Energy Management."

Ryan Handy reports for FuelFix December 16, 2016.