Statkraft plans possible 1.5GW offshore sale

Statkraft plans possible 1.5GW offshore sale

Europe’s largest renewable energy company Statkraft is preparing the “possible” divestment of stakes totalling 1.47GW in a portfolio of wind farms off the UK east coast.

The Norway-based company said it is currently “evaluating a divestment of its shares” in the 317MW Sheringham Shoal, 402MW Dudgeon and 4.8GW Dogger Bank projects.

Steinar Bysveen, Statkraft executive vice president said: “We’re currently re-evaluating all of our existing offshore wind assets with the exception of Triton Knoll.”

An agreement has already been made to transfer the 25% stake in the 4.8GW Dogger Bank zone to Statoil SSEE (STO:STLO).

The divestment of a 40% stake at Sheringham, off Norfolk will require a transfer of operatorship to Statoil.

Irene Rummelhoff, Statoil VP of the firm’s New Energy Solutions stated: “Taking over the operatorship for Sheringham Shoal represents a milestone for Statoil, as our first operatorship during commercial operations.

“Dogger Bank represents a unique opportunity for the UK to develop secure, sustainable and cost-competitive energy from its world-class wind resource. By increasing our share, we strengthen Statoil’s long-term portfolio materiality and gain additional optionality.”