Statkraft is to sell its 40% stake in the 316.8MW Sheringham Shoal offshore wind farm off the UK coast to fund manager Equitix for £558m.
The deal is expected to be completed before the end of the year.
Statkraft said the agreement is in line with its strategy of divesting its holdings in offshore wind farms and no longer investing in new projects.
Sheringham Shoal, which is located off the north Norfolk coast, has been in operation since October 2012 and features 88 Siemens Gamesa 3.6MW turbines.
Statoil owns 40%, with the remaining 20% owned by a fund managed by the Green Investment Group – formerly the Green Investment Bank.
Image: Sheringham Shoal (Statoil)
Statkraft sells Sheringham stake
Fund manager Equitix to buy 40% interest in 316.8MW project for £558m
By EBS