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October 22, 2017 | World’s First Floating Wind Farm in Scotland

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Some people thought we were crazy when we put a giant wind turbine on top of a floating spar structure and towed it out to sea. But it turned out to be the future, and the future is now. This year we made a giant leap forward as we installed and started producing electricity from the world’s first floating wind farm. The 30 MW Hywind Scotland pilot park will demonstrate the feasibility of future commercial floating wind farms that could be more than four times the size. This will further increase the global market potential for offshore wind energy, contributing to realising Statoil’s ambition of profitable growth in renewable energy and other low-carbon solutions. Here is a direct video link.

 

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October 22nd, 2017

Posted In: Juggling Dynamite

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