Statoil and Statkraft have recently signed a letter of intent that Statoil takes over as operator of the Sheringham Shoal Offshore Wind Farm from January 2017. Statoil will also through this deal increase its share in the Dogger Bank projects.
âTaking over the operatorship for Sheringham Shoal represents a milestone for Statoil, as our first operatorship during commercial operations. As operator of both the Sheringham Shoal and Dudgeon offshore wind farms, located in the same area, we can further improve efficiency and increase competitiveness across the projects,â? says Irene Rummelhoff, Statoilâs executive vice president for New Energy Solutions.
Statoil and Statkraft each hold a 40 per cent share in Sheringham Shoal, with 20 per cent held by the UK Green Investment Bank.
Through the agreement, Statoil is also increasing its share in the Dogger Bank projects, with the desire of bringing Statoilâs total ownership from 25 per cent up to a potential of 50 per cent through an acquisition of Statkraftâs share in Dogger Bank. The final shareholding in Dogger Bank, and the transfer of operatorship for Sheringham Shoal, is pending partner and government approvals.
