Statkraft sells stakes in Sheringham Shoal and Dudgeon offshore wind parks

Statkraft has announced the sale of its minority stakes in the 402 MW Dudgeon and the 317 MW Sheringham Shoal offshore wind parks in UK waters.

The formal process will start in June. Completing the transactions by the end of 2017, either separately or together, is the main objective of the Norwegian state-owned utility. KPMG is acting as an advisor to Statkraft.

The company holds a 30% interest in the Dudgeon plant, which fed first power into the grid in February, and a 40% stake in the operational Sheringham wind park. Statkraft also has a 30% stake in the the 4.8 GW Dogger Bank offshore wind scheme.

Statkraft is a hydropower company, fully owned by the Norwegian state. The Statkraft Group is a generator of renewable energy, as well as Norway’s largest and the Nordic region’s third largest energy producer. Statkraft develops and generates hydropower, wind power, gas power and district heating, and is also a player in the international energy markets. The company has some 4200 employees and their headquarters is located in Oslo, Norway.