Statkraft will start sale of its stakes in two UK wind parks

15/06/2017 10:35 Wind


Norway's state-owned electricity company Statkraft will this month offer for sale its stakes in two wind parks off Britain's coast, Sheringham Shoal and Dudgeon, and wants to reach an agreement early in 2018, as stated by a spokesman for the firm on Tuesday.

The company, Europe's biggest producer of hydropower which has been hit by low electricity prices in the Nordic region, made known about plans to divest its stakes in UK offshore wind farms last year but had offered no schedule.

Statkraft targets to sell its 40 percent stake in 317-megawatt (MW) capacity Sheringham Shoal, which began in 2012, and to sell its 30 percent stake in 402 MW Dudgeon, which should be operational by the end of 2017.

The two Statoil-controlled farms off Britain's Norfolk coast can provide over 600,000 British homes with renewable energy.

Possible acquirers of Statkraft's stakes might comprise a recently created green energy fund set up by ex-chief executives of Norway's telecom companyTelenor and Sweden's energy firm Vattenfall, Jon Fredrik Baksaas and Lars G. Josefsson, as reported on Tuesday in the Norwegian business daily Dagens Naeringsliv.


Russian project will lack EU financing in consequence of US sanctions

14/09/2017 16:22:00

The Austrian OMV CEO stated that US sanctions will have a serious impact on big Russian projects. OMV is one of the investors in the Nord Stream-2 trans-Baltic gas pipeline project.


North Sea wind group enlarged with one more gas grid operator

14/09/2017 14:53:00

Gasunie, the gas grid operator in the Netherlands, will become a part of the North Sea Wind Power Hub conglomerate.


(13.09.2017): Weekly Energy Market Review at a Glance

14/09/2017 13:09:00

Here's a quick snapshot of the main energy indicators in the last 7 days.