Update: Statoil exits Maine Hywind

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 emerging electricity supply deal between the company and the US state.

Recharge has learned the company now planned to "demobilise resources" linked to its $120m Hywind Maine demonstrator, which was to have installed a quartet of the 3MW second-generation spar-buoy machines in 140-158 metres of water.

"The project outlook all in all became too uncertain to progress in Maine, and we will focus our resources on the Hywind project in Scotland going forward," says a Statoil spokesman.

The decision was not surprising given events this year that undermined Statoil's project.

It started well on 24 January, when after a year of negotiations with the company's Log in to read complete article.

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