Statoil won’t make unrealistically low bids to expand in offshore wind and is wary of setting capacity targets for its fledgling clean energy business, said the executive leading the Norwegian oil & gas giant’s New Energy Solutions operation.
Irene Rummelhoff, Statoil's executive vice president for New Energy Solutions, said offshore wind will continue as the main focus of the group’s foray into renewables “in the short term”, reflecting its established expertise in the offshore energy sector.
“We’re
