Norway's Statkraft said Tuesday that a long-term purchasing agreement related to a floating offshore wind farm dubbed "the world's largest" had started, in another step forward for the emerging renewable energy sector.
A power purchase agreement between Statkraft and developer Kincardine Offshore Windfarm Ltd, signed in 2018 but which now enters into force, will see the former buy "all electrical output from the floating wind project with a guaranteed minimum price per MWh [megawatt hour] until 2029."
Say NO to wind power
Great idea. Floating is much cheaper than attaching to the ocean floor in deeper water.
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