Statoil increases Dogger Bank share, takes on Sheringham operations

Statoil is to takes over as operator of the Sheringham Shoal offshore wind farm from January 2017 and will increase its share in Dogger Bank.

Statoil will increase its share of the Dogger Bank projects from 25% to around 50% by acquiring Statkraft’s share. The final shareholding change, and the transfer of operatorship for Sheringham Shoal, is pending partner and government approvals.

Dogger Bank is the world’s largest offshore wind development, having achieved consent for an agreed target installed capacity of 4800 MW.

Statoil and Statkraft each hold a 40% share in Sheringham Shoal, with 20% held by the UK Green Investment Bank. The wind farm has been in operation since 2012 and has a capacity of 317MW.
“Taking 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,” said Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.