Farr Wind Farm
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If everything goes to plan, New York City and Long Island will be harnessing the Atlantic Ocean's strong and dependable winds as a source of renewable energy. The company estimates that the leased area could host a 1,000-megawatt offshore wind farm. Norway's biggest oil company will be developing an offshore wind farm outside of New York. Statoil submitted the winning bid of $42.5 million to the U.S. Department of the Interior's Bureau of Ocean Energy Management last Friday to lease nearly 80,000 acres of federal waters roughly 14 miles off the coast of Long Island. The company estimates that the leased area could host a 1,000-megawatt offshore wind farm.