innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in the offshore wind project Triton Knoll. With the acquisition of Statkraft’s share, innogy has become its sole owner.

Both sides have agreed to maintain confidentiality regarding the purchase price. Triton Knoll is an offshore wind project with a planned installed capacity of 860MW. The planned wind farm, located 32 kilometres off the coast of Lincolnshire in the east of England, has already been fully consented. The final investment decision for Triton Knoll is expected to be made in mid-2018. Until then the financing process will be finalised and contracting agreements completed with the project’s supply chain partners. In 2018, onshore works are scheduled to begin to provide the grid connection. Offshore construction is expected to start in 2020. According to current planning, commissioning of Triton Knoll is expected in 2021.