NORWAY ALL IN ON OFFSHORE WIND

Statoil focusing on offshore wind
June 27, 2011 (UPI)

"Norwegian energy company Statoil is looking for new owners for its onshore wind farms in Norway so it can focus on offshore activity…[I]t signed two agreements to sell off some of its onshore wind activities in Norway to other companies.

"Stale Tungesvik, a senior vice president for renewable energy at Statoil, said…the sales were part of an effort to get more money to invest in wind energy in offshore projects."

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[Tungesvik, Statoil:] "Offshore wind is an area experiencing strong market growth and one in which Statoil can utilize its expertise as the world's largest offshore operator…It means that we are now working to find new owners for the group's interests in wind farms on land."

"The Norwegian energy company is part of the consortium development the Dogger Bank wind farm, the world's largest, off the coast of England. It will cover an area about 10 times the size of Berlin and generate about 9,000 megawatts of electricity by 2020…Another British project, Sheringham Shoal, will generate enough electricity for 220,000 British households."