Statoil Renewables Chief Aims to Cut Offshore Wind Cost
Statoil's renewable energy chief Irene Rummelhoff made the following statements at the ONS oil and energy conference on Wednesday:
- Over the last few years we have invested NOK 20 billion ($2.40 billion) in profitable renewable investments. So we are putting real money into this with the ambition to build a new growth leg for Statoil."
- "We are positioned in the two largest offshore wind markets in the world, the UK and Germany."
- "Our projects have the ability to power up over one million households in UK and Germany."
- "We are working extremely hard to get the cost down and we think it has a better cost reduction potential than onshore wind."
- "The potential of bigger turbines offshore ... brings the cost down. The scale potential is also much bigger."
- "So we see a bright future for cost reduction potential on offshore wind projects. We have a clear road-map to get it down by 40 percent from today's levels and when we get there it will be highly competitive."
- "The most attractive markets going forward will be in northern Europe but also in the U.S. There are some very interesting projects coming up both in California and on Hawaii."
(Reporting by Joachim Dagenborg)