Power Generation
Statkraft operates hydropower plants, onshore and offshore wind farms across the UK. Alltwalis Wind Farm and Rheidol hydropower plant, both in Wales, were our first power production facilities in the UK. Through a joint venture with Statoil in 2012, we commissioned the 317MW Sheringham Shoal offshore wind project, off the north Norfolk coast.
Our ambition is to invest further in the UK as we continue to develop a number of onshore and offshore wind projects. This includes working with Statoil to develop the Dudgeon offshore wind project and once in operation, will provide renewable energy to approximately 300,000 homes in the UK. As part of the Forewind consortium, Statkraft’s aim is to develop its part of the Dogger Bank project to what could be the world’s largest offshore wind project with a target installed capacity of 9GW if fully developed.
Operations and maintenance for all majority-owned UK operational assets are provided from the Rheidol hydropower station in Wales. In addition we provide 24/7 control room functions for the Sheringham Shoal offshore wind farm.
Trading and Origination
We have grown to be a significant UK market participant in trading and origination and are a major provider of Power Purchase Agreements to independent generators of renewable electricity. Earlier this year we launched energy services business with sales of renewable electricity and customer support to the industrial and commercial market.
Looking forward, we will use our experience of energy generation from biomass in Norway and Sweden to build up biomass trading in the UK. Biomass is a core component of the UK’s future energy mix and we expect to see a growing demand for biomass in both renewable power and heat generation.
Overall Statkraft has invested significantly in the UK and helped to create highly skilled British jobs both directly and through the supply chain. The UK is our strategic base for offshore wind development in Europe and we are committed to investing further into the UK energy market.