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July 1st, 2011
Statoil Sharpens Renewable Energy Efforts

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Statoil has signed two agreements for the sale of the major part of Statoil’s onshore wind power activities in Norway, enabling the group to focus more of its efforts on offshore wind projects. Statoil, through its subsidiary, signed an agreement for the sale of Statoil’s 50% stake in Sarepta Energi as to Trønder Energi Kraft AS. Another agreement was signed for the sale of wind power projects in Finnmark, comprising Arctic Wind AS and the Hamnefjell, Båtsfjordfjellet and Snefjord projects, to Finnmark Kraft AS.  Read More