Statoil, Statkraft Acquire Dudgeon Offshore Wind Farm

NAW Staff, Wednesday 17 October 2012 - 12:27:36

Statoil and Statkraft have acquired the Dudgeon Offshore Wind Farm via the acquisition of all shares in Dudgeon Offshore Wind Ltd., a subsidiary of U.K. energy company Warwick Energy Ltd.

Following a partnership in developing the Sheringham Shoal Offshore Wind Farm off the coast of North Norfolk, Statoil and Statkraft will now work together to develop the Dudgeon Offshore Wind Farm.

Dudgeon recently received an offshore consent that allows for up to 560 MW of installed generation capacity. The North Sea project site is located 32 km offshore, north of the town of Cromer in North Norfolk, and is 20 km northeast of the Sheringham Shoal Offshore Wind Farm.

The project will be developed by a joint project team: Statoil will hold a 70% share, and Statkraft will have a 30% share.

The license for the Dudgeon site was awarded by the U.K. government during the Round 2 allocation in 2003. It was chosen because it lies within a government-approved area for development, with high wind speeds and favorable water depths, and subsequent surveys have shown that it has relatively low levels of fishing and shipping activity, the companies explain.




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