The Wall Street Journal: Oil Producers Turn to Wind Power

Now we’re talking.

“Norway’s Statoil ASA is already building its third offshore wind farm, in the Baltic Sea, and is developing the world’s first floating wind farm off the east coast of Scotland. Denmark’s state-owned Dong Energy AS—once a fossil-fuel champion—is now the biggest player in the offshore wind market.

A Shell-led consortium won a bid this month to build and operate a portion of the Netherlands’ giant Borssele wind project in the North Sea. Once complete, the Shell-built section will generate enough power for roughly a million homes at a price of €54.5 ($56.95) per megawatt hour—a customer rate approaching that of cheaper power sources like coal or gas.”

Full article here.

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