Statkraft sold a 30% stake in Dudgeon Offshore Wind to China Resources for £555m.

Statkraft, a hydropower company, sold a 30% stake in Dudgeon Offshore Wind, a 402MW operational wind farm located off the coast of Norfolk in the UK, to China Resources, a group of companies in a wide variety of businesses in Hong Kong and China, for £555m. “As the world leader in the industry, the UK offshore wind market has brought forward cost competitive projects that represent value for UK consumers and investors, alongside ensuring future energy security and decarbonisation. We are proud of our contribution and as Europe’s largest generator of renewable energy, Statkraft will continue to play a substantial role in driving forward developments in the renewables industry both in the UK and other markets around the world,” says David Flood, Head of Asset Ownership UK Wind Power in Statkraft.