Statkraft has announced the sale of its minority stakes in the 402 MW Dudgeon and the 317 MW Sheringham Shoal offshore wind parks in UK waters.
The formal process will start in June. Completing the transactions by the end of 2017, either separately or together, is the main objective of the Norwegian state-owned utility. KPMG is acting as an advisor to Statkraft.
The company holds a 30% interest in the Dudgeon plant, which fed first power into the grid in February, and a 40% stake in the operational Sheringham wind park. Statkraft also has a 30% stake in the the 4.8 GW Dogger Bank offshore wind scheme.
Statkraft is a hydropower company, fully owned by the Norwegian state. The Statkraft Group is a generator of renewable energy, as well as Norway’s largest and the Nordic region’s third largest energy producer. Statkraft develops and generates hydropower, wind power, gas power and district heating, and is also a player in the international energy markets. The company has some 4200 employees and their headquarters is located in Oslo, Norway.
A fund managed by BlackRock Real Assets has completed the acquisition of a 100% interest in two construction ready wind projects in the UK from REG Power Management, an experienced UK renewable energy developer.
Read moreGerman outfit Nord LB and Bank of Ireland have provided a £90 million (US$109.8 million) senior debt package to complete five wind farms of Energia Renewables' 73MW portfolio of onshore wind in Northern Ireland.
Read moreOfgem has invited companies to submit bids to own and run links to two offshore wind farms. The links will connect the Galloper wind farm off the east coast of England, and the Walney Extension wind farm in the Irish Sea.
Read moreThe European Investment Bank (EIB) is considering to grant Atlantis Resources Ltd a €10 million (US$10.64 million) loan for the 6 MW MeyGen Phase 1B tidal stream project in Scotland.
Read moreActis has announced that it has reached final closing on its fourth energy fund Actis Energy 4 (AE4) with commitments hitting a hardcap at US$2.75billion.
Read more