Statoil gets into Poland’s offshore wind market

07/03/2018 15:58 Wind


Norway's Statoil inked an accord with Polish energy company Polenergia to obtain a 50 percent interest in two early stages of offshore wind development projects in Poland.

The company stated that the two projects have an estimated capacity of 1,200 megawatts with the potential to connect over two million Polish households.

Irene Rummelhoff, executive vice president of new energy solutions in Statoil declared: "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.”

Also, she affirmed that part of Statoil's target is to expand significantly in renewable energy by pumping up to €10 billion investment in profitable green energy towards 2030.

The Baltyk Srodkowy II and III wind projects are situated in the Baltic Sea around 27 and 40 kilometers, respectively from the port of Leba in water depths of 20-40 meters.

Statoil is already designing the Arkona offshore wind farm jointly with EON in the German part of the Baltic Sea. The company is also running three offshore wind sites off the U.K. coast.

Offshore wind already has a strong position in Europe with more than 15 gigawatts (GW) of installed capacity, with a possibility to hit between 50 and 70 GW by 2030.

The Polish Baltic Sea has potential of more than 8 GW, of which the first 4 GW could become functional by 2030.

Daily (15.11.2019): The German spot power contract lost 16.4% on Thursday, amidst a sharp rise in wind output

15/11/2019 11:07:00

A build in U.S. crude inventories and higher oil production reported for this week put pressure on crude oil prices on Thursday. However, OPEC’s potential deepening of supply cuts later this year limited losses. Hence, Brent crude fell by 0.1% to $62.28 a barrel, while WTI futures dropped by 0.6% to $56.77 a barrel.


Gazprom Export supplies 1st LPG from Russia to China by rail

15/11/2019 09:28:00

Gazprom Export has for the 1st time supplied liquefied petroleum gas by rail from Russian Federation to the People’s Republic of China. This was done as part of the preparations for exports from the Amur gas processing plant, which is under construction at the moment.


Ørsted greenlights 460MW solar and battery storage project

15/11/2019 09:24:00

Ørsted has started the construction of a new 460MW solar power and battery storage project in the US.