Innogy acquires Statkraft's 50% interest in the Triton Knoll offshore wind park (UK)

12 Oct 2017

Statkraft has sold its 50% in the 860 MW Triton Knoll offshore wind power project to Innogy, which becomes the sole owner of the facility. Both sides have agreed to maintain confidentiality regarding the transaction price.

In September 2017, the project was awarded a Contracts for Difference (CfD) allocation by the UK Department for Business, Energy & Industrial Strategy (BEIS) at £74.75/MWh over 15 years, a record price for offshore wind in the UK.

The facility will be located approximately 32 km off the Lincolnshire coast and 50 km off the coast of North Norfolk (England, UK). The commissioning is scheduled for 2021. In 2018, onshore works are scheduled to start in order to provide the grid connection while the proper offshore construction is set to start in 2020. The planned investment volume for the facility amounts roughly £2bn (€2.2bn) and the final investment decision (FID) is expected to be made in mid-2018.

Innogy acquires Statkraft's 50% interest in the Triton Knoll offshore wind park
Source: Innogy

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