Hywind – The Future is afloatFebruary 2018
Providing offshore wind to >1M homes
Sheringham
ShoalHywind
demo
2009 2012 2017 2017 2022-
DudgeonDogger
Bank
Hywind
Scotland
Hywind
large scale
North / West
Europe
In operation In operation Consented
2.3 MW 317 MW 402 MW 30 MW 3 x 1.2 GW
* All capacity figures on 100% basis
2019
Arkona
385 MW
In construction
2024-?
Auction won
1-2 GW
Japan
US West Coast
• Deeply competitive financing, development & operations
• Leveraging our global presence & supply chain
• Ability to apply technology to reduce energy costs
Playing to
Statoil’s
strengths
Attractive
and growing
market
Europe
New York
United States
East Coast
In operation In operation
What is Hywind?
A standard offshore wind turbine placed on a
ballasted steel substructure and anchored to the
seabed
• Most proven technology
• Simple spar-type substructure
• Standard foundation and turbines - enable mass fabrication
• Suitable for harsh conditions
• Blade pitch control system for motion damping
For more information: See Hywind.com
2001
The idea
2009
The demo
2017
The world’s first
floating wind park
The world’s first floating offshore windmill park
• Investing around NOK 2 billion
• 60-70% cost reduction from the
Hywind Demo project in Norway
• Installed capacity: 30 MW
• Powering ~20,000 UK homes
• Water depth: 95-120 m
• Avg. wind speed: 10.1 m/s
• Area: ~4 km2
• Average wave height: 1.8 m
• Export cable length: Ca. 30 km
• Operational base: Peterhead
• Start power production:
September 2017
The Hywind Scotland pilot park
Source: Statoil (left), BVG Associates (right)
Statoil’s cost roadmap for Hywind
Capex/MW and 2030 LCOE target
2030
target
Hywind cost roadmap
2023 2030Today
LCOE 40-60
€/MWh
Cap
ex/M
W
50%
0
20
40
60
80
100
120
140
160
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
LC
OE
(€
/MW
h)
Offshore wind NNG (UK) EA1 (UK)Horns Rev 3 (DK) Borssele 1&2 (NL) Vesterhav (DK)Kriegers Flak (DK) Borssele 3&4 (NL) Triton Knoll (UK)Hornsea 2 (UK) Moray Firth (UK) Floating
Source: BVG Associates
Levellised cost of energy (LCOE)
BVG Associates LCOE trajectory for
floating vs bottom fixed offshore wind
Cost development for floating offshore wind
Capture excess
wind power
1Reduce balancing
cost
2 Increase revenue
through price
arbitrage
3 Deliver grid and
power system
services
4
Continuous innovation: Hywind plus Batwind
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