statoil

The move by major oil and gas exploration companies into renewable energy has taken another significant step, as BP announced a $1.1 billion deal to buy the U.S. offshore wind power assets of Norway’s Equinor. BP in announcing the deal on Sept. 10 said it is taking a 50% stake in Equinor’s Empire Wind project […]

The world’s first floating offshore wind farm, located roughly 25 kilometers off the coast of Peterhead, Scotland, powered up on October 18, delivering electricity to the Scottish grid. Hywind Scotland was

The world’s first floating offshore wind farm, located roughly 25 kilometers off the coast of Peterhead, Scotland, powered up October 18, delivering electricity to the Scottish grid. Hywind Scotland was developed by Norwegian oil company Statoil based on the results of an eight-year demonstration project located off the shore of Karmøy, Norway. The new farm […]

Plans are under way to install a pilot 1-MWh lithium battery–based storage system in 2018 at the world’s first floating wind farm in Aberdeenshire, Scotland. The “Batwind” system, to be installed at

Nearly five years after the world’s first large-scale floating deepwater wind turbine was erected 11 kilometers (km) offshore Karmøy, southeast Norway, Norwegian energy firm Statoil has made a final