Norwegian energy company StatoilHydro, the largest offshore oil and gas company in the world, announced last week that it is building the first full scale floating wind turbine – Hywind. Their projected startup is autumn 2009 after which the program will endure a two-year test period. The company plans to invest 400 million NOK (about 80 million US) in the Hywind. “If we succeed, then we will have taken a major step in moving the wind power industry offshore”, says Alexandra Bech... [Read more]