Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Final investment decision for the Sheringham Shoal Offshore Wind Farm was taken in April 2009, when Statkraft acquired a 50% stake in the project from Statoil at the investment decision stage and the partners committed major equity funding. Scira Offshore (owned by Statoil and Statkraft) went on to build the 317 MW wind farm with an overall investment of about NOK 10 billion (approximately USD 1.8 billion), including a reported joint equity investment of USD 1.2 billion from Statkraft and Statoil alongside subsequent debt funding.