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Norway's Statoil Pulls $120M Wind Project in Maine
10/15/2013 12:38 PM ET  

The company put the project on hold in July after Republican Gov. Paul LePage's administration pushed to reopen the competitive bidding process to allow the University of Maine to bid.

AUGUSTA, Maine (AP) _ Norwegian company Statoil is abandoning a $120 million proposal to put four wind turbines 12 miles off the coast of Maine.

Statoil announced it was pulling out on Tuesday.

The company put the project on hold in July after Republican Gov. Paul LePage's administration pushed to reopen the competitive bidding process to allow the University of Maine to bid. LePage said Statoil's project would put too much of a burden on ratepayers and that Maine's flagship university should be allowed to compete.

An Associated Press examination of administration emails showed LePage's opposition to the Statoil project even before his move to reopen bidding became public.

Renewable energy officials and environmental groups have said losing Statoil's investment would be a huge blow to Maine's ability to cultivate an offshore wind industry.


 

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