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Statkraft is expecting to close the divestment in the Dudgeon offshore wind farm in the first quarter of 2018, after which the company will have terminated its offshore wind engagement.
Statkraft has now divested all holdings in offshore wind with its stake in the Dudgeon offshore wind farm being acquired by a consortium led by China Resources (Holdings) Company Limited, who will buy Statkraft-owned 30% for GBP 555 million.
UK fund manager Equitix will buy Statkraft’s 40% stake in the 316.8MW Sheringham Shoal offshore wind farm for GBP 558 million, with the transaction expected to be completed by the end of December.
Statkraft has continued executing its plan to exit offshore wind and has now sold its stake in the 860MW Triton Knoll project to innogy, thus making innogy the sole owner.
Statkraft is set to commence the formal divestment processes for its 40% share in the Sheringham Shoal and 30% share in the Dudgeon offshore wind farms. The company will commence the sale this month, with an aim to complete the transaction early next year, according to Reuters.
After fulfilling one of the prerequisites for the sale of its 40% share in the Sheringham Shoal offshore wind farm by transferring the operator role to Statoil, Statkraft will commence the formal divestment process in June, together with that for its 30% share in the Dudgeon offshore wind farm.
Norway’s Statkraft is pressing on with the strategy to sell its offshore wind assets; however, the energy company plans to continue to participate as an enabler of the development and operation of offshore wind projects in the UK through entering into power purchase agreements.
Scottish energy company SSE and Norway’s Statoil have increased their share in the Dogger Bank offshore wind development after the companies acquired and equally divided a 25% stake from former consortium partner Statkraft.