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UK GIB buys 20% stake in Sheringham Shoal operating offshore …

GIB is purchasing a 20 % stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm, for an agreed valuation of 240 million.

The 317 MW offshore wind farm has been operating for two years in the Greater Wash area, between 17 and 23 kilometres off the coast of Norfolk.

It uses 88 Siemens1 3.6 MW wind turbine generators.

Sheringham Shoal generates over 1.1 TWh of net renewable electricity annually, equivalent to the electricity consumption of around 220,000 homes, roughly equating to the domestic demand of the county of Norfolk.

GIB intends, in time, to transfer its stake in the Sheringham Shoal offshore wind farm to the proposed GIB Operating Offshore Wind Fund as a seed asset.

Statkraft and Statoil have further plans for developing offshore wind projects in the UK, including the 402 MW Dudgeon offshore wind project off the Norfolk coast, which is under construction and expected to be in production in 2017.

References

  1. ^ Siemens (ippjournal.com)

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UK GIB buys 20% stake in Sheringham Shoal operating offshore …

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