Statkraft will swap wind for water

The Norwegian utility will use part of the gains from the sale of its UK offshore wind to buy into an emerging core area.

When Statkraft published its report Thursday, the result of the Norwegian firm's now terminated offshore wind engagement was revealed.

Besides the NOK 256 million (EUR 26.4 million) from the spring divestment of the utility's share in development project Dogger Bank, NOK 426 million was generated from the share in the Triton Knoll project, the winner in the autumn's CfD tender, together with NOK 2,643 million for the company's 40 percent stake of the Sheringham Shoal farm. Finally, GBP 555 million for the year's first quarter is expected from the sale of the 30 percent stake in the Dudgeon farm.

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