Wind

Norwegian company pulls plug on offshore wind power project in Maine

Norwegian energy company Statoil has canceled plans to build a $120 million offshore wind power project in Maine because of a legislative decision to reopen bids for offshore wind projects, according to a report from the Portland Press Herald.

A spokesperson for Statoil told the Press Herald a vote in the final days of Maine’s legislative session to reopen bids for offshore wind projects was a key factor in the project’s cancellation because it created uncertainty from the company’s point of view.

Statoil will now focus on a similar project in Scotland, where the government’s policy is clearer, the spokesperson told the Press Herald.

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