StatoilHydro and Statkraft to jointly develop UK offshore project
Statkraft has agreed to buy half of a British offshore wind farm from Norway’s oil and gas company StatoilHydro.
The two Norwegian companies will jointly develop the 315-megawatt Sheringham Shoal offshore wind farm, which is located between 10 and 15 miles off the coast of Norfolk, in the northeast of England. It is Statkraft’s first investment in the offshore.
Reuters reports Statkraft paid 5 billion crowns ($740.5 million) for the stake.
Sheringham is smaller than the 1,000-megawatt London Array offshore project. Royal Dutch Shell has backed out from this projet. These two projects will help the UK meets its goal of supplying a third of its electricity from wind power by 2020.
