Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

‘Gradually Supplementing Oil & Gas Portfolio With Profitable Renewable Energy’


Statoil meets its renewable energy goals & lights up over “410,000 homes” in Europe.

Dailycsr.com – 15 September 2017 – One of the major oil companies of the world, Statoil has reported of having completed the installation of “turbine on its Dudgeon field in England”. As a result, it will now be supplying “renewable energy” to more than one million European homes.
The said site is located at “off the coast of Norfolk in England” and the budget for the installation work was “under its £1.5 billion” which equals to “$1.98 billion”. In fact, the Norway-based energy company has even managed to deliver the work “on time”.
In the words of the Executive Vice President for “New Energy Solutions” at Statoil, Irene Rummelhoff:
“Dudgeon offshore wind farm is part of Statoil's strategy of gradually supplementing our oil and gas portfolio with profitable renewable energy”.
“Offshore wind has been a natural place to start, as we can build on our maritime expertise, experience from complex projects and our supplier chain”.
Moreover, Statoil also informed that there are sixty seven turbines each with the “capacity of 6 megawatts” while the collective supply strength of them can satisfy “410,000” homes’ electricity requirements. According to CNBC:
“Statoil is the project's operator with a 35 percent share, while Statkraft and Masdar are partners with 30 and 35 percent shares, respectively”.
The “Global Wind Energy Council” declares the U.K. as the global “offshore wind” leader as it harbours the “largest offshore wind market” in the world, closely followed by “Germany and China”.