Statoil invests in wind project off Germany
Statoil AS has acquired a 50% interest in a €1.2 billion wind project that E.On AG, Essen, will build and operate offshore Germany.
The Arkona project will include 60 Seimens turbines installed in 23-37 m of water in the Baltic Sea 35 km northeast of Rugen Island. It is to be fully operational in 2019 with installed capacity of 385 Mw.
Before entering the German project, Statoil had interests in wind-energy projects off the UK and Norway.