UK green bank purchases £240m stake in Norwegian power producer

UK- government-owned Green Investment Bank has purchased a 20 per cent stake in the company responsible for developing the Sheringham offshore wind park.

The £240m ($379m) deal sees GIB acquire a fifth of holdings in Scira Offshore Energy Limited from Norwegian energy firms Statoil and Statkraft.
Sheringham wind park
Scira owns the 317 megawatt Sheringham offshore wind facility, which has been operating for two years in the Greater Wash area, between 17 and 23 kilometres off the coast of Norfolk, England.

Statoil and Statkraft will each continue to hold 40 per cent of the firm.

 

 



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...