The UK Green Investment Bank (GIB) has announced a GBP 240 million investment in the UK’s offshore wind sector.
GIB is purchasing a 20 per cent stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm. 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. 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.
