Norway’s Statkraft sells UK wind energy stake

Norwegian firm Statkraft has sold 49% of its stake in three UK wind farms to Gingko Tree Investment. The company said it plans to reinvest in other renewable energy projects […]

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By Priyanka Shrestha

Norwegian firm Statkraft has sold 49% of its stake in three UK wind farms to Gingko Tree Investment.

The company said it plans to reinvest in other renewable energy projects but will continue to manage and operate the wind farms – Alltwalis in Wales and Baillie and Berry Burn in Scotland.

They have a total capacity of 142MW and includes 60 turbines.

Executive Vice President Jon Brandsar said: “We have firm growth ambitions in both onshore and offshore wind power. This agreement enables further growth through project development while at the same time maintaining our industrial role.”

The three wind farms are structured under a new holding company, Wind UK Invest, owned 51% by Statkraft and 49% by the new financial partner.