Statoil Set to Build World's First Floating Wind Farm

Statoil ASA, the Norwegian energy company, was granted a lease to use the seabed off the east coast of Scotland and can now begin building the world’s first floating offshore wind farm.

The Hywind project will consist of five 6-megawatt turbines. They will float on steel tubes fastened to the seabed about 25 kilometers from the town of Peterhead, according to a statement issued by the company based in Stavanger, Norway.