Equinor considers investing billions outside the Canary Islands

Equinor's headquartersEquinor's headquarters at Fornebu in Bærum.Photo: Tor Erik Schrøder / NTB scanpix

Equinor is considering investing NOK 8.5 billion in what could become one of the world’s largest wind farms outside the Canary Islands.

Local government authorities on the Spanish islands said the investment will be EUR 860 million (NOK 8.43 billion). The politicians have been in contact with companies about the project since December 2017 reported E24 news.

“We look at the Canary Islands as an exciting area for floating offshore wind plants and have presented the possibilities we see to both local authorities in the Canary Islands and centrally in Spain” said Equinor spokesman, Eskil Eriksen to the newspaper.

There is still a lack of regulation from central Spanish authorities.

The actual site of development is located southeast of the ocean off the island of Tenerife and west of Fuerteventura. A plant could only be started in 2024 at the earliest. Several other companies could also be interested in the giant development.

© NTB Scanpix / #Norway Today

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