Statkraft to Start Divesting Sheringham Shoal, Dudgeon Shares in June

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.

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.