- Statoil (STO) agrees to sell 25% of its assets in the Hywind floating wind farm pilot project offshore Scotland to an Abu Dhabi renewable energy group for an undisclosed sum.
- The companies also agree to share the development risk, with the Abu Dhabi firm covering 25% of previous and future costs.
- STO says substructures for the project have been constructed in Spain and are due to arrive in Norway in the spring for assembly before being moved to Peterhead; production is expected to start in late 2017.