Statoil and Statkraft Acquire Dudgeon Offshore Wind Farm

Press Release
Wednesday, October 17, 2012

Statoil and Statkraft have acquired the Dudgeon Offshore Wind Farm project through the acquisition of all shares in Dudgeon Offshore Wind Limited (DOW), a subsidiary of the UK energy company Warwick Energy Limited.


Following a successful partnership in developing the Sheringham Shoal Offshore Wind Farm off the coast of North Norfolk, Statoil and Statkraft will now work together to develop the Dudgeon Offshore Wind Farm. The project could deliver many hundreds of jobs during the construction phase and, once in operation, will provide renewable energy to the UK market.


Dudgeon has recently received an offshore consent that allows for up to 560 MW of installed generation capacity. The North Sea project site is located 32 km offshore, north of the town of Cromer in North Norfolk, and is 20 km north east of the Sheringham Shoal Offshore Wind Farm.


Statoil and Statkraft will optimize the project, secure the final consents and engage with suppliers and local stakeholders with the aim of bringing the project to Final Investment Decision (FID). The project will be developed by a joint project team, with Statoil leading the project towards FID. Statoil will hold a 70% share and Statkraft a 30% share in DOW.



"The acquisition is in line with Statoil's strategy to have a stepwise growth and to seek new business opportunities in offshore wind as part of the development of our renewable energy portfolio. Both Statoil and Statkraft believe this project could further strengthen their positions in the North Norfolk region, benefiting from the positive and constructive dialogue already established with UK authorities, local communities and suppliers", says Statoil Senior Vice President, Renewable Energy, Siri E. Kindem, adding:



"Warwick Energy has successfully progressed the technical and commercial basis for an offshore wind farm at Dudgeon and brought the opportunity close to a fully consented project. Statoil and Statkraft will now take this work forward."


"The acquisition is an important step in Statkraft's plan to build an industrial position in offshore wind power. We will play an active role in the development, and 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. When completed the project will increase renewable energy generation, contribute to UK energy security and create local jobs. 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", says Statkraft Senior Vice President, Offshore Wind Power, Olav Hetland.


 
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. This inward investment by Statoil and Statkraft furthers our energy relationship with Norway, will create hundreds of jobs, and enhance UK energy security, says John Hayes, UK Minister of State for Energy.



The license for the Dudgeon site was awarded by the UK Government during the Round 2 allocation in 2003. It was chosen because it lies within a government approved area for development, with high wind speeds, favorable water depths, and subsequent surveys have shown that it has relatively low levels of fishing and shipping activity.
 


Statoil and Statkraft, together with RWE and SSE, are also partners in the Forewind consortium. The aim of the consortium is to achieve consent for the Dogger Bank project 120 km off the UK east coast, potentially the world's largest offshore wind development.

 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Saab Bags $1 bln Order for Swedish Submarines

The Swedish Defence Materiel Administration (FMV) has awarded contracts worth Skr8.6bn ($1.03bn) to Saab AB for the construction of two new Type A26 submarines

Austal Delivers 7th Cape Class Patrol Boat

Shipbuilder Austal Limited announced it has delivered Cape Wessel, the seventh of eight Cape Class patrol boats being supplied to Australian Border Force under a $330 million design,

Silversea Cruises Orders Luxury Ship from Fincantieri

Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017.    At 40,700 grt and accommodating 596 guests,

Environmental

Port Gothenburg Offering LNG

Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced

New Monitoring Network for Scottish Ports

Historically, ferry masters operating off the west coast of Scotland would have to sail to a port and on arrival visually assess the weather and tide conditions

BMT Awarded Port Geographe Coastal Engineering Contract

BMT JFA Consultants (BMT), a subsidiary of BMT Group,  has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as

Energy

Litgas, Statoil JV to Develop Baltic Sea LNG

Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production,

NITC Tankers Chart Western Course

Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ.   NITC

China's Navy holds Missile Combat Resupply Drill

China's navy held its first drill simulating the resupply of missiles in a combat environment in the Yellow Sea, the Defence Ministry said on Thursday, the latest

News

Passenger Ferry Capsizes in the Philippines, Nearly 40 Dead

MBCA Kim Nirvana, a passenger boat carrying 189 people has capsized in the central Philippines, minutes after leaving port, the Philippine Red Cross and coast guard spokesman Cmdr.

Greek Shipping Mulls Cyprus Move

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director

NITC Tankers Chart Western Course

Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ.   NITC

Mergers & Acquisitions

Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural

Petrobras hands over Campos basin stake to PetroRio

Petrobras today signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell.

A/S Trumf Bunker Joins KPI Bridge Oil Group

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S

Wind Power

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Boskalis Wins Veja Mate OWF Foundations Deal

Royal Boskalis Westminster N.V. (Boskalis) in partnership with VolkerWessels (Volker Stevin International) has been awarded a contract by Veja Mate Offshore Project GmbH for the design,

Wave Power Unit for Victorian Waters

BioPower Systems Pty Ltd (BioPower) has finished constructing its prototype wave power unit to be installed off the coast of Port Fairy, Victoria, later this year.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2447 sec (4 req/sec)