Statoil and Statkraft have given the final investment decision for the Dudgeon offshore wind farm off the coast of Norfolk, UK. The project aims for full production in late 2017.
When completed, Dudgeon will provide renewable energy for up to 410,000 households in the UK. The Dudgeon development will now move into a new phase, starting with construction of onshore cables and an onshore substation. Offshore construction will start in 2016.
The total investment in Dudgeon is estimated to be more than US$2.5 billion.The Dudgeon owners are preparing for a partnership structure reflecting this investment level. Statoil’s investment is expected to be almost $9 million after the partnership structure has been finalized.
Statoil is the operator of the Dudgeon offshore wind project.
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