Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In April 2016, after Statoil (now Equinor) purchased a 50% stake in the Arkona Becken Südost project from E.ON, the two partners announced their final investment decision (FID) on the 385MW Arkona offshore wind farm located 35km north-east of Rügen Island in the German Baltic Sea. The project, led in construction and operation by E.ON, involved a total investment volume of approximately €1.2 billion and is designed to supply renewable electricity to around 400,000 German households and avoid about 1.2 million tonnes of CO2 annually.