auction

Record $42.5M bid wins LI wind-farm lease

By GREGORY ZELLER // The U.S. subsidiary of a Norwegian energy company has placed a record $42 million bid to win the lease rights to build a wind farm 11 miles off Long Island. Texas-based Statoil Wind US LLC, a subsidiary of Norwegian mega-utility Statoil, topped five other bidders – including the New York State Energy Research and Development Authority – in a 33-round U.S. Department of the Interior auction that kicked off Thursday. The…