Statoil and INTPOW member Statkraft have decided to start building the Dudgeon Offshore Wind Farm off the coast of Norfolk, UK.
The 402 MW project will have 67 wind turbines each with 6 MW of capacity and will, when completed, provide renewable energy for 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 an onshore substation. Offshore construction will start in 2016.
The total investment in Dudgeon is estimated to be £1.5 billion (NOK 15 billion).The Dudgeon owners are preparing for a partnership structure reflecting this investment level. Statoil’s investment is expected to be NOK 5.5 billion after the partnership structure has been finalised.
Source: Renewablebiz & Seeking Alpha