Statoil enters German offshore wind market through EUR 1.2 billion project with E.ON

Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announce the final investment decision on the 385 megawatt project. The estimated total investment for the project will be in excess of EUR 1.2 billion.
The Arkona wind farm will be located in the Baltic Sea, 35 kilometres northeast of the Rügen island in Germany, southwest of the Danish island of Bornholm. It will consist of 60 six-megawatt turbines, to be mounted on monopile foundations installed at water depths of 23 to 37 metres. ….