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Statoil pumps 210m into Scottish Hywind Project

By: Tom Russell 03/11/2015 Statoil

General Windfarms

Yesterday the Scottish Government gave the green light for the construction of the Hywind floating wind farm (Hywind 2). As a result, Statoil has made the final investment decision move forward with the construction of project located off the coast of Peterhead in Aberdeenshire, Scotland.

The decision triggers investments of around NOK 2 billion (EUR 210m) a 60-70 percent cost reduction per MW from the Hywind demo project in Norway.

The pilot park will cover around 4 square kilometres, at a water depth of 95-120 metres. The average wind speed in this area of the North Sea is around 10 metres per second.

The British Energy and Climate Change Secretary, Amber Rudd says: “This is fantastic news for Scotland and the whole of the UK, demonstrating that we are open for business and that the UK’s offshore wind industry continues to go from strength to strength.”

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Rudd added: “This exciting project is a great example of how innovation can help to power our homes and add to our energy mix – offering clean, secure energy to Britain’s hardworking families and businesses.”

Statoil will install a 30 MW wind turbine farm on floating structures at Buchan Deep, 25 km offshore Peterhead, harnessing Scottish wind resources to provide renewable energy to the mainland. Hywind 2 will power around 20,000 households. Production start is expected in late 2017.

For more information about Hywind 2 please follow the links provided. Alternatively you can view the project on our interactive map.

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Statoil pumps 210m into Scottish Hywind Project

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