Statkraft sells its 30 per cent stake in Dudgeon Offshore Wind Limited to a consortium led by China Resources (Holdings) Company Limited. The sale is in line with Statkraft’s strategy to exit offshore wind.
Dudgeon Offshore Wind Farm is a 402MW operational wind farm located off the coast of Norfolk in the UK. Statkraft has been a partner in the project since the acquisition of a 30 per cent shareholding in 2012. Dudgeon was successfully developed in cooperation with the partners Masdar (35 per cent) and Statoil (35 per cent) under the operatorship of Statoil.The consortium acquires Statkraft’s shareholding in Dudgeon OWF for GBP 555 million. The new owner is a state-owned Chinese enterprise with businesses in power, consumer products, real estate, cement, gas, pharmaceuticals and finance. Due to limited financial capacity, Statkraft’s strategy has been to exit the offshore wind industry. With this agreement Statkraft has divested all holdings in offshore wind and focusses on growth in renewables like hydropower, onshore wind, solar, district heating and other new renewable energy technologies.