E.ON and Statoil are planning a 60 turbine offshore wind farm for the German Baltic Sea.
The $1.3bn (€1.2bn) wind farm, named Arkona, will be sited near the German island of Rügen.
Total investment comes in at around €1.2bn, with both partners holding a 50 per cent share and Siemens providing the 6 MW turbines, according to Business Review Europe.
Both companies are also opening up the project to local participation.
“It’s part of E.ON’s philosophy to involve local residents in major projects while also strengthening the regional economy,” emphasized E.ON‘s head of renewable energy projects, Sven Utermöhlen. “Apart from that, we are pursuing ambitious goals aimed at producing renewable energy and in particular offshore wind energy at as low a cost to our customers as possible. We are happy to see companies in the area apply their ideas and know-how to a major project like Arkona.”
The wind farm will have a capacity of 385 MW and is calculated to provide 400,000 households with renewable energy.
The Arkona wind farm is scheduled to be fully operational in 2019, and E.ON will be responsible for construction and operation, making it the first company to operate wind farms in both the North and Baltic Seas.
Meanwhile E.ON chief executive Johannes Teyssen says there has been no legal objections to the planned partial spin-off of the power station and trading activities into a separate entity called Uniper, planned for September.
Through the plan, which shareholders on June 8 approved with 99.7 percent in favour, E.ON has been charting out a path to cope with multi-year low energy prices and renewables squeezing out conventional plants.
Instead, it seeks to focus on growing renewables, networks and services to become more centred on customers.
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