UK onshore wind project sold

14 Mar, 2014

Statkraft UK has completed the sale of its 50 per cent share in Barmoor Wind Power Ltd, the company that owns the six turbine Barmoor wind farm project. The project has been sold to EDF Energy Renewables.

Statkraft’s partner, Duke Energy, sold its 50% share alongside Statkraft. The Barmoor project comprises 6 turbines in north England.

This sale successfully completes the consolidation process for Statkraft’s onshore wind project portfolio, which was commenced in late 2010. Since 2010, in addition to this transaction, Statkraft has sold its stake in the Carraig Gheal project, while increasing its ownership in the Baillie and Berry Burn projects. Baillie Wind Farm was officially opened in September last year, and Berry Burn Wind Farm opens later in 2014.

Head of Project Development in Statkraft UK Ltd, Shimon Shoshani, said:

«Statkraft is pleased to see the Barmoor project in good hands before the construction phase. Statkraft has ambitious growth plans for onshore wind power in the UK, and this transaction contributes to streamlining our portfolio towards larger projects, in line with our strategy. We are actively seeking further investment opportunities in the UK renewables sector, an attractive market for investments»

Read the press release from EDF Energy Renewables here