Oil major Statoil “well on its way" to completes next stage of its ambitious renewable electricity strategy

Statoil reported in a press release that the final turbine on its Dudgeon field in England has been installed and the company is "well on its way" to providing over 1 million homes in Europe with renewable electricity.

The site, off the coast of Norfolk in England, was completed under its £1.5 billion ($1.98 billion) budget and delivered on time, the Norway based energy business said on Thursday. "Dudgeon offshore wind farm is part of Statoil's strategy of gradually supplementing our oil and gas portfolio with profitable renewable energy," Irene Rummelhoff, Statoil's executive vice president for New Energy Solutions, said in the statem...