Today, we announced some seriously exciting news. Statoil has made the final investment decision to build the world’s first floating wind farm. This marks an important step forward for offshore wind technology, and potentially opens attractive new markets for renewable energy production worldwide.

Hywind Scotland is the first investment by our new Business Area New Energy Solutions, applying technology from oil and gas in a new setting for renewable energy. Our ambition is to make this next-generation wind technology competitive in the global market.

A 30 MW wind turbine farm will be installed on floating structures at Buchan Deep, 25 km offshore Peterhead, harnessing Scottish wind resources to provide renewable energy to the mainland. The wind farm will power around 20,000 households. Production start is expected in late 2017.

Read more about the The Hywind pilot park here:

http://www.statoil.com/en/NewsAndMedia/News/2015/Pages/03Nov_HywindScotland_news_page.aspx