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.



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