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Norwegian oil giant Statoil has walked away from its highly anticipated 12MW floating wind turbine pilot off the Maine coast after changes in legislation scuttled an electricity supply deal between the company and the US state.

Statoil exits Maine Hywind project

Norwegian oil giant Statoil has walked away from its highly anticipated 12MW floating wind turbine pilot off the Maine coast after changes in legislation scuttled an electricity supply deal between the company and the US state.

Norwegian oil giant Statoil has walked away from its highly anticipated 12MW floating wind turbine pilot off the Maine coast after changes in legislation scuttled an electricity supply deal between the company and the US state.