E.ON has announced its decision to move forward with construction of the Arkona Becken Südost offshore wind farm in the Baltic Sea.

The 385 MW project, to be located 35 km northeast of Germany’s Rügen Island, will feature 60 6-MW turbines from Siemens mounted on monopile foundations installed at depths of 23 to 37 metres. It is expected to come online in 2019.

Norway’s Statoil will hold a 50 per cent stake in the project, which E.ON will build and operate.

The two firms said they plan to invest over €1.2bn ($1.35bn) in the project, which is expected to power around 400,000 households and save around 1.2 million tonnes of carbon dioxide per year.

E.ON Climate & Renewables CEO Michael Lewis said, “This project offers ideal conditions for further reducing the costs of offshore wind and will be a big step toward realizing our goal of making renewables truly competitive.”

He added that his firm is “pleased to be partnering with Statoil, which has outstanding expertise working in challenging offshore environments.”