The last three months have been a “game changer” for Norwegian developer Equinor’s offshore wind business, according to company chief executive Eldar Sætre.
Speaking during the company’s Q3 results presentation today, Sætre highlighted the progress the company has made at projects totalling 4.5GW.
“The last few months have been a game-changer for our offshore wind business. Together with SSE, we were the winning bidder with three projects at Dogger Bank in the UK, making it the largest offshore wind farm development in the world.” he said.
The developer secured the right to build the 1.2 Creyke Beck A, 1.2GW Creyke Beck B, and 1.2GW Teesside A projects during last month’s CfD3 auction and will start generating power from the first of the 3.6GW complex’s GE Haliade-X turbines in 2023.
“In addition, we won the opportunity to develop Empire Wind offshore New York, delivered development plans for Hywind Tampen and realised significant value from the farm-down in the Arkona wind farm off Germany,” Sætre added.
Equinor secured an 816MW Power Purchase agreement for its Empire Wind project from the New York State Energy Research and Development Authority this summer.
This month the developer also took a final investment decision for its €500mln floating Hywind Tampen project, which will power Equinor oil and gas assets on the Norwegian Continental Shelf.
The comments came as the company announced a negative net income of $1.11bn for the quarter, down from a $1.67bn profit on the same period last year.
Equinor said low oil and gas prices during the quarter lay behind the figures.