Statoil and Statkraft have decided to start building the Dudgeon Offshore Wind Farm off the coast of Norfolk, UK. The project aims for full production in late 2017.
When completed, Dudgeon will provide renewable energy up to 410,000 households in the UK. The Dudgeon development will now move into a new phase, starting with construction of onshore cables and onshore substation. Offshore construction will start in 2016.
The total investment in Dudgeon is estimated to be £1.5 billion (15 billion NOK). The Dudgeon owners are preparing for a partnership structure reflecting this investment level. Statkraft’s 30 per cent share of the investment amounts to £450 million (4.5 billion NOK).
To read more, please visit Statkraft.com here.