The Norwegian oil giant Statoil ASA (STO) has acquired the Dudgeon Offshore Wind Farm project in the U.K. North Sea, together with Norwegian state-owned renewable company Statkraft, continuing their cooperation on renewable energy.
The Norwegian oil giant Statoil ASA (STO) has acquired the Dudgeon
Offshore Wind Farm project in the U.K. North Sea, together with Norwegian
state-owned renewable company Statkraft, continuing their cooperation on
renewable energy.
The Dudgeon project has consent to install wind turbines with a total power production
capacity of 560 megawatts. The farm is situated 32 kilometers offshore, north
of the town of
Cromer
in
North
Norfolk
.
The project is a subsidiary of the
U.K.
energy company Warwick Energy Ltd., and was awarded a license by the
U.K.
government in 2003. Statoil will hold a 70% share and Statkraft a 30% share of
the project.
The wind farm is only 20 kilometers north east of the Sheringham Shoal Offshore
Wind Farm, another cooperation between Statoil and Statkraft.
"The acquisition is in line with Statoil's strategy to have a stepwise
growth and to seek new business opportunities in offshore wind," said
Statoil's Senior Vice President for Renewable Energy, Siri E. Kindem.
"Combining Statkraft's experience as
Europe
's
largest renewable energy producer with Statoil's experience and technology from
offshore installations will enable us to drive down costs," said Statkraft
Senior Vice President for Offshore Wind Power, Olav Hetland.
The Dudgeon project could deliver many hundreds of jobs during the construction
phase, the companies said. The final investment decision hasn't been made yet.
"This inward investment by Statoil and Statkraft furthers our energy
relationship with
Norway
, will
create hundreds of jobs, and enhance
U.K.
energy security," said U.K. Energy Minister John Hayes.
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