Norway-Based Oil Company Bids $42.5M for Offshore Wind Farm

Norway's biggest oil company plans to build an offshore wind farm on 80,000 acres of federal waters off the coast of New York Statoil is rolling out the red carpet for renewable energy with a $42

5 million bid to lease the area and build wind turbines about 14 miles off the coast of Long Island The company said it could be a "significant, long-term source of renewable energy" for both New York City and Long Island The first phase of the project is expected to produce about 600 megawatts of clean energy The Huffington Post says New York Governor Andrew Cuomo wants to get half of the state's electricity from renewable sources as soon as 2030 This week's announcement comes just days after the opening of the first offshore wind farm in North America — a five-turbine, 30 megawatt operation off the coast of Rhode Island

For NewsBeat Social, I'm Cambrie Caldwell

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