Statoil and Statkraft buy Dudgeon wind project

Norway’s large oil company Statoil and Norwegian utility Statkraft have bought an offshore wind farm project on the east coast of the UK. The Dudgeon project has permission to build […]

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By Vicky Ellis

Norway’s large oil company Statoil and Norwegian utility Statkraft have bought an offshore wind farm project on the east coast of the UK.

The Dudgeon project has permission to build up to 560 MW worth of turbines at the North Sea site, which is 32km north of the town of Cromer in North Norfolk. The two firms have already worked together on a neighbouring wind farm, the Sheringham Shoal.

Olav Hetland, Statkraft’s Senior Vice President for Offshore Wind Power said: “Combining Statkraft’s experience as Europe’s largest renewable energy producer with Statoil’s experience and technology from offshore installations will enable us to drive down costs.

“Final investment will be dependent on an appropriate regulatory framework and continued commitment from the UK Government to increase the share of renewables in the energy mix.”

Energy Minister John Hayes said: “Energy is central to our economic recovery. I am delighted that these major global industry players have shown the confidence to invest in the UK’s world-leading offshore wind market.”