Statoil to build the world’s first floating windfarm

Statoil to build the world’s first floating windfarm

Statoil (STO:STLO) has been granted a seabed lease today by the Crown Estate to start construction on the world’s first floating windfarm 15 miles off the coast of Peterhead in Scotland.

The Norwegian energy company expects the Hywind windfarm to have five 6MW turbines in the North Sea generating electricity by the end of 2017. A floating steel tube containing ballast will be tethered to the seabed for the project’s foundation.

The firm has already operated a single turbine off Norway.

“We are very pleased to develop this project in Scotland, in a region with a huge wind resource and an experienced supply chain from oil and gas,” said Leif Delp, project director for the Hywind Scotland project. “Through the hard work of industry and supportive government policies, the UK and Scotland is taking a position at the forefront of developing offshore wind as a competitive new energy source.”

More than 90 per cent of the world’s offshore wind capacity is installed in northern Europe and the UK has the largest share.

Lindsay Roberts, senior policy manager for offshore renewables at Scottish Renewables stated: “Floating offshore wind is an exciting technology with a huge, global potential, and it’s great to have this world first in Scottish waters.”