Statkraft Readies for Sheringham Shoal, Dudgeon Shares Sale

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. 

The company’s stakes in the two UK offshore wind farms are reportedly valued at around NOK 10 billion (approx. EUR 1.1 billion).

Earlier in March, Statkraft sold its 25% interest in the 4.8GW Dogger Bank offshore wind projects to partners Statoil and SSE, for which the company said is in line with its strategy to explore opportunities to exit the ownership of offshore wind power assets.

However, Statkraft said that the UK offshore wind sector presents a significant opportunity to develop a secure, sustainable, cost-competitive energy source and that  it remains open to new power purchase agreements. For Sheringham Shoal, Statkraft holds a power purchase agreement which extends until November 2029.

The company is also a 50% partner in the Triton Knoll offshore wind project and will continue working with innogy to develop the project towards an investment decision before bringing in new owners.