Abu Dhabi – Mubasher: Masdar has purchased a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, according to a statement.
Statoil and Masdar have agreed, under the transaction, to share the development risk and Masdar will cover 25% of previous and future costs.
The project will begin commercial operation in late 2017.
Being the first world’s first floating offshore wind farm, Hywind Scotland will demonstrate cost efficient and low risk solutions for future commercial-scale floating wind farms.
