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Statkraft plans to sell stakes in two UK offshore wind farms
March 22, 2017 / 8:07 AM / 9 months ago

Statkraft plans to sell stakes in two UK offshore wind farms

OSLO, March 22 (Reuters) -

** Norway’s Statkraft will in June begin a formal process to sell its stakes in the Sheringham Shoal and Dudgeon wind farms offshore Britain, with a goal of completing the transactions by the end of the year, the company said in a statement on Wednesday

** Statkraft has a 40 pct stake in the 317 megawatts (MW) Sheringham farm and 30 pct in the 420 MW Dudgeon farm, plus a 30 pct stake of the Dudgeon project financing via a shareholder loan

** The assets may be sold individually or together. KPMG is advising Statkraft

** Norway’s Statoil is the operator of both wind farms

** Statkraft’s CEO on March 16 told Reuters the company had decided to quit offshore wind power (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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