September 24, 2018 Read More →

$1.4 billion Baltic offshore wind farm begins producing power

CNBC:

A large offshore wind farm, operated by German utility firm E.ON in partnership with Norway’s Equinor, has sent its first electricity to the German grid.

An equally-shared joint venture between E.ON and Equinor, the Arkona wind farm is situated in the German part of the Baltic Sea, Equinor said Monday. Investment in the project amounts to 1.2 billion euros ($1.41 billion).

When fully up and running, it will have an output of 385 megawatts (MW) and will be able to send power to around 400,000 German homes. Pal Coldevin, Equinor’s head of new energy development, said Arkona was the company’s fourth wind farm to come online in Europe since 2012.

“It is yet another important contribution to Equinor’s ambitious strategy, where the company is developing from a focused oil and gas company to a broad energy major, building on our extensive offshore experience and more than 40 years as one of the largest energy providers in Europe,” Coldevin said.

The project, which is made up of 60 turbines from Siemens Gamesa Renewable Energy, is in the last stages of construction, with 44 turbines installed so far. The aim is to have all installed by the end of the year.

Europe’s total offshore wind capacity increased by 25 percent in 2017, according to WindEurope. Just over 3.1 gigawatts (GW) of new offshore wind was installed in Europe last year, with total capacity hitting almost 15.8 GW, the trade body states.

More: E.ON and Equinor’s $1.41 billion offshore wind farm sends first electricity to grid

 

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