Statoil gets Masdar to join floating offshore wind farm

Norwegian energy behemoth Statoil is selling 25 percent of Scottish Hywind to Abu Dhabi-based Masdar.

It will be the world's first floating wind farm, but it will not be funded exclusively by Norwegian money as previously expected. This emerged today after Norway's Statoil sold 25 percent of the Hywind Scotland project – the world's first floating wind farm – to the Abu Dhabi's national fund Masdar.

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