Whether offshore or onshore, energy production costs sourced from wind are decreasing. Image source: Shutterstock (#586875353).
Statoil, Masdar, and Statkraft, co-developers of the 402 megawatt Dudgeon Offshore Wind Farm, have officially opened the facility in eastern England. Since the initial investment decision, construction costs recently fell by 15 percent, making the wind farm a reality.
“Over recent years Statoil has worked hard to reduce costs, improve efficiency and increase profitability in both our oil and gas projects and our renewable projects,” said Statoil’s executive vice president for Technology, projects and drilling, Margareth Øvrum. “Reducing costs by more than 15%, or GBP 250 million, at Dudgeon and completing the construction phase without any serious incidents is a great achievement by all three partners.”
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