Statkraft Sells 30 Per Cent Share in Dudgeon Offshore Wind Farm

Oslo, Norway - Statkraft sells its 30 per cent stake in Dudgeon Offshore Wind Limited to a consortium led by China Resources (Holdings) Company Limited. The sale is in line with Statkraft’s strategy to exit offshore wind.

Dudgeon Offshore Wind Farm is a 402 MW operational wind farm located off the coast of Norfolk in the UK. Statkraft has been a partner in the project since the acquisition of a 30 per cent shareholding in 2012. Dudgeon was successfully developed in cooperation with the partners Masdar (35 per cent) and Statoil (35 per cent) under the operatorship of Statoil.

In line with its strategy to exit offshore wind, Statkraft has signed an agreement under which a consortium led by China Resources (Holdings) Company Ltd acquires Statkraft’s shareholding in Dudgeon for £555 million. The new owner is a state-owned Chinese enterprise with businesses in power, consumer products, real estate, cement, gas, pharmaceuticals and finance. Statcraft also announced, that the company sold its 40 per cednt stake in Sheringham Shoal Offshore Wind Farm.

Source: IWR Online, Dec 12 2017