E.on, Equinor open 385-MW German offshore wind farm
Arkona offshore wind farm in the Baltic Sea in Mukran on the German island of Rügen. (Photo: Eskil Eriksen / Equinor ASA)
The 385-MW Arkona offshore wind farm in the Baltic Sea was officially opened on Tuesday, with German chancellor Angela Merkel attending the ceremony.
The plant was built off the island of Ruegen and is owned by German utility E.on SE (ETR:EOAN) and Norwegian oil group Equinor ASA (NYSE:EQNR). It consists of 60 Siemens Gamesa turbines that fed power into the grid for the first time in September 2018. The plant reached peak production earlier this year.
Pal Eitrheim, Equinor’s executive vice president for New Energy Solutions, noted that the project was delivered on schedule and below budget. Equinor’s chair of the board, Jon Erik Reinhardsen, added that the wind farm has the capacity to supply renewable power to 400,000 German households.
French energy group Engie SA (EPA:ENGI) will be buying the entire production of the wind farm, or roughly 1.5 TWh a year, under a power purchase agreement (PPA) signed in September 2018.