Statoil swaps British offshore wind projects

Norwegian Statoil is giving up one of the projects in the giant offshore wind development Dogger Bank and in return will receive an increased ownership stake in the rest of the development.

Photo: Jan Arne Wold

The development is set to be the world's largest offshore wind project and many want a slice of the action. Despite the fact that no turbines have yet been installed on the British offshore wind project Dogger Bank, the ownership of the major development has changed hands many times. And now it is happening again.

Norway's Statoil is involved in a construction deal with utilities Innogy and SSE for the ownership stake in Dogger Bank. Dogger Bank counts four offshore wind projects Creyke Beck A and B and Teesside A and B. After the swap deal today, Statoil and SSE wil own 50 percent of Crekye A and B and Teesside A, while Innogy will own 100 percent of Teesside B.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall raises emission cut target

The Swedish power company will tighten its climate profile even further in the coming years, with the whole value chain now set to achieve net-zero emissions before 2040.

Further reading

Related articles

Trial banner

Latest News

See all jobs