Hywind – The Future is afloatFebruary 2018

Providing offshore wind to >1M homes

Sheringham

ShoalHywind

demo

2009 2012 2017 2017 2022-

DudgeonDogger

Bank

Hywind

Scotland

Hywind

large scale

North / West

Europe

In operation In operation Consented

2.3 MW 317 MW 402 MW 30 MW 3 x 1.2 GW

* All capacity figures on 100% basis

2019

Arkona

385 MW

In construction

2024-?

Auction won

1-2 GW

Japan

US West Coast

• Deeply competitive financing, development & operations

• Leveraging our global presence & supply chain

• Ability to apply technology to reduce energy costs

Playing to

Statoil’s

strengths

Attractive

and growing

market

Europe

New York

United States

East Coast

In operation In operation

What is Hywind?

A standard offshore wind turbine placed on a

ballasted steel substructure and anchored to the

seabed

• Most proven technology

• Simple spar-type substructure

• Standard foundation and turbines - enable mass fabrication

• Suitable for harsh conditions

• Blade pitch control system for motion damping

For more information: See Hywind.com

2001

The idea

2009

The demo

2017

The world’s first

floating wind park

The world’s first floating offshore windmill park

• Investing around NOK 2 billion

• 60-70% cost reduction from the

Hywind Demo project in Norway

• Installed capacity: 30 MW

• Powering ~20,000 UK homes

• Water depth: 95-120 m

• Avg. wind speed: 10.1 m/s

• Area: ~4 km2

• Average wave height: 1.8 m

• Export cable length: Ca. 30 km

• Operational base: Peterhead

• Start power production:

September 2017

The Hywind Scotland pilot park

Source: Statoil (left), BVG Associates (right)

Statoil’s cost roadmap for Hywind

Capex/MW and 2030 LCOE target

2030

target

Hywind cost roadmap

2023 2030Today

LCOE 40-60

€/MWh

Cap

ex/M

W

50%

0

20

40

60

80

100

120

140

160

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

LC

OE

(€

/MW

h)

Offshore wind NNG (UK) EA1 (UK)Horns Rev 3 (DK) Borssele 1&2 (NL) Vesterhav (DK)Kriegers Flak (DK) Borssele 3&4 (NL) Triton Knoll (UK)Hornsea 2 (UK) Moray Firth (UK) Floating

Source: BVG Associates

Levellised cost of energy (LCOE)

BVG Associates LCOE trajectory for

floating vs bottom fixed offshore wind

Cost development for floating offshore wind

Capture excess

wind power

1Reduce balancing

cost

2 Increase revenue

through price

arbitrage

3 Deliver grid and

power system

services

4

Continuous innovation: Hywind plus Batwind

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