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United Kingdom

Statkraft in hunt for UK offshore wind investment

UK: Norwegian energy company Statkraft is hoping to invest in an additional offshore wind farm, preferably in UK waters, now that its first such project, the 317MW Sheringham Shoal, is fully commissioned.

Dogger Bank... Statkraft is part of the consortium developing the concession
Dogger Bank... Statkraft is part of the consortium developing the concession
Statkraft would like to complement its hydro and onshore wind assets with more offshore capacity, acknowledges CEO Christian Rynning-Tønnesen

"We're actively looking for another offshore wind project," Statkraft chief executive, Christian Rynning-Tønnesen. He added that the company's preference would be to invest in a UK project and to do so in partnership with at least one other developer.

Statkraft is one of four companies awarded the right to build within the 9GW Dogger Bank zone, part of the UK’s Round 3 programme of offshore wind development.

Realising Dogger Bank's potential will take time and, in the interim, Statkraft would like to co-develop another offshore wind farm, although Rynning-Tønnesen would not comment on the timing of any likely investment announcement.

Statkraft describes itself as Europe’s largest renewable energy company. It generated 16.4GW in 2011, with the vast majority derived from Norwegian hydropower plants. The company has been investing globally in onshore wind for some time.

The opening of Sheringham Shoal has confirmed its ability to move offshore — in collaboration with development partner, Norwegian oil and gas firm Statoil.

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