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.


UK could continue as associate member of Euratom after Brexit

14/07/2017 16:16:00

The UK is likely to remain in close association with Euratom, succeeding the events of Brexit, as claimed by Brexit secretary David Davis.


Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08:00

As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.


Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up

14/07/2017 11:26:00

Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.