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Statkraft exits Dogger Bank offshore wind projects

23 Mar, 2017

Statkraft has agreed to sell its 25% interest in the 4.8GW Dogger Bank offshore wind projects to partners Statoil and SSE.

The companies, who are both existing partners in the projects, will each take an additional 12.5% share resulting in a new Dogger Bank shareholding of Statoil 37.5%, SSE 37.5% and Innogy 25%.

The sale of the Dogger Bank projects is in line with Statkraft’s strategy to explore opportunities to exit the ownership of offshore wind power assets. However the UK offshore wind sector presents a significant opportunity to develop a secure, sustainable, cost-competitive energy source and Statkraft will continue to participate as an enabler of the development and operation of projects through entering into power purchase agreements.

Statkraft currently holds a 40% share in Sheringham Shoal Offshore Wind Farm and 30% in Dudgeon Offshore Wind Farm and plans to evaluate opportunities to divest these assets during 2017.

The company is also a 50% partner in the Triton Knoll Offshore Wind project and remains committed to working with innogy to develop the project towards an investment decision before bringing in new owners.