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Statkraft seeks to close UK offshore wind sales in early 2018 - report

Sheringham Shoal wind farm. Author: NHD-INFO. License: Creative Commons, Attribution 2.0 Generic

June 14 (Renewables Now) - Norwegian state-owned utility Statkraft expects to launch the sale of its interest in two UK offshore wind parks by the end of the month, with plans to close the transactions in early 2018, a spokesperson told Reuters.

As previously announced, Statkraft wants to sell its 40% stake in the 317-MW Sheringham Shoal offshore wind farm and its 30% in the 402-MW Dudgeon plant. While Sheringham Shoal has been operating since 2012, the Dudgeon wind farm should be commissioned by the end of the year.

Company spokesman Torbjoern Steen was quoted by Reuters as saying that Statkraft aims to conclude the sales process towards the end of 2017 so that the divestitures are completed early next year.

Local newspaper Dagens Naeringsliv said on Tuesday that a newly-created green energy fund has been invited to bid for the plants. The strategic adviser to that fund told the daily that the holdings in these wind farms are valued at about NOK 10 billion (USD 1.19bn/EUR 1.06bn).

The said fund was formed by the former CEOs of Norway's Telenor and Sweden's Vattenfall, namely Jon Fredrik Baksaas and Lars Josefsson.

(NOK 1.0 = USD 0.119/EUR 0.106)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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