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Commodities40 minutes ago (Oct 18, 2017 08:50AM ET)
© Reuters. World’s first floating wind farm starts production- Statoil (NYSE:) says its Hywind project, the world’s first floating offshore wind farm, has started delivering electricity to the grid in Scotland.
- Hywind has five turbines floating 16 miles off the coast of Peterhead and has a capacity of 30 MW; the project, which cost ~£200M ($263M) to build, will power ~20K homes.
- “Hywind can be used for water depths up to 800 meters, thus opening up areas that so far have been inaccessible for offshore wind,” the company says.
- Some of the energy generated by the turbines in the sea will be stored in batteries; STO has installed one of its Batwind lithium devices, which can store 1 MW-hour of power, and will help steady the flow of power generated by the wind farm.
- Now read: Statoil – This Norwegian Major Is Solid But Pricey
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