Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Statoil Acquires 50% Interest In 1.2 Gigawatt Polish Offshore Wind Farms

Norwegian oil and gas giant Statoil has announced this week it has signed an agreement to acquire a 50% interest in the early phase development of two offshore wind farms in Poland with a combined capacity of 1.2 GW (gigawatts). 

Norwegian oil and gas giant Statoil has announced this week it has signed an agreement to acquire a 50% interest in the early phase development of two offshore wind farms in Poland with a combined capacity of 1.2 gigawatts.

Statoil, which is the world’s largest offshore operator and has significant oil and gas assets, is nevertheless making significant strides in diversifying its holdings to acquire renewable energy projects. Among its many new renewable assets is the groundbreaking world first floating offshore wind farm, the 30 megawatt Hywind Scotland, which was recently revealed to be performing even better than had been expected.

Announced on Monday, Statoil revealed that it had entered into an agreement with Polish electric power distribution company Polenergia to acquire a 50% stake in the Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII) offshore wind farms which, together, have a planned capacity of 1.2 gigawatts (GW), enough to supply electricity to approximately 2 million Polish households.

“We are very pleased to have entered into a partnership with Polenergia, which is an experienced energy company with a growing renewable portfolio and in-depth knowledge of the Polish electricity market,” explained Irene Rummelhoff, executive vice president of New Energy Solutions in Statoil. “Statoil has an ambition to grow significantly within renewable energy investing up to EUR 10 billion in profitable renewable energy towards 2030, and this acquisition strengthens our presence in the Baltic Sea area giving opportunities for scale and synergies in a longer perspective.”

Located approximately 27 and 40 kilometers off the coast of Poland in the Baltic Sea, Bałtyk Środkowy II and III each have a planned capacity of 600 megawatts and are expected to begin construction respectively in 2023 and 2020, with completion dates respectively in 2026 and 2022.

The move for Statoil falls in line with its existing priorities and projects, as it is already developing with EON the 385 MW Arkona wind farm in the German part of the Baltic Sea, and is also operating three offshore wind farms off the UK coast.

“We are entering a market with growth potential through two of the most advanced offshore wind developments in Poland,” added Rummelhoff. “The country is well-placed to develop a strong offshore wind industry that would create jobs and value in one of the most dynamic parts of the European markets. Following a dramatic reduction in cost for offshore wind, we are looking forward to work with our new partner, the Polish authorities and the Polish supply chain to advance offshore wind as a competitive source of energy and industry.”

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Power

Floating solar panels help avoid fights over land use, by deploying reservoirs and other human-made bodies of water.

Clean Transport

Solaris delivered hundreds of electric buses to almost 30 cities and towns across Europe this year. The company is planning on selling many more...

Clean Transport

I recently discovered Camptoo, “the Airbnb of camper vans” or “Airbnb on wheels,” when our good friend and occasional CleanTechnica writer Jacek Fior told...

Air Quality

Originally published on Transport & Environment. By Eoin Bannon Low-income families could be hit with diesel price hikes of 50c a litre, and a doubling of...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.