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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

Environmental

‘Green’ Hybrid-powered Research Vessel Christened

The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining,

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Shipping's GHG Emissions Down

The total Green House Gas (GHG) emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to "London Matters

Energy

ABB WinsTunisia's Gas Treatment Plant Bid

ABB, the leading power and automation technology group, has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project (STGP).

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Schlumberger Releases 2014 Software Platforms

Schlumberger has released the 2014 versions of its industry leading software platforms. The Petrel* E&P software platform, Techlog* wellbore software platform,

News

GTT Earns Five AIPs for Multi-gas Membranes

Gaztransport & Technigaz (GTT), designer of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced five

‘Green’ Hybrid-powered Research Vessel Christened

The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining,

Nigerian Customer Orders Ninth Damen Dredger

A Nigerian customer has added its ninth Damen dredger to its fleet. The Cutter Suction Dredger type CSD500 was chosen due to the availability of Damen Field Services in Nigeria,

Mergers & Acquisitions

'Flag Zannis' Delivered

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

Mitsui Procuring 8 LNG Vessels

President and CEO, Masami Iijima of Mitsui & Co., Ltd. informed that the compnay is currently proceeding with the procurement of eight LNG ships intended to

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1900 sec (5 req/sec)