UK offshore wind cheaper than nuclear energy for the first time.

UK offshore wind cheaper than nuclear energy for the first time.

This week UK offshore power prices have been cut in half in less than three years. Eleven new electricity projects, totalling more than 3 gigawatts were awarded contracts by the UK Government in the second round of the CfD auctions. Amongst the contracts, DONG Energy will deliver its Hornsea Two project with capacity of 1,386.00 MW for the […]

Innogy successful in UK auction with Triton Knoll offshore wind project.

Innogy successful in UK auction with Triton Knoll offshore wind project.

Innogy is relying on the expansion of renewable energies to grow its business activities. Today the company moved a step closer to the realisation of what is currently one of its largest development projects: Triton Knoll, an offshore wind project with a planned installed capacity of 860 megawatts, won a tender from the UK Department for […]

Japan firm shows interest in building Tamakoshi III hydro.

Japan firm shows interest in building Tamakoshi III hydro.

A Japanese company has expressed interest in developing the Tamakoshi III Hydropower Project, which has been in limbo after Norway’s Statkraft pulled itself out of the project in January. During their meeting with officials of Investment Board Nepal (IBN) a few weeks ago, a team from Kansai Electric Power Company, a Japan-based power utility, expressed […]

Albania commissions 73-MW Banja hydropower plant.

Albania commissions 73-MW Banja hydropower plant.

On Sept. 23, Norway-based Statkraft commissioned its first power plant in Albania, the 73-MW Banja hydropower plant near the capital city of Triana. The Banja facility is the first of two power plants being constructed as part of the 256-MW Devoll hydropower project. The total investment of the Devoll hydropower project is estimated at about […]

Statkraft to shed Çetin HPP.

Statkraft to shed Çetin HPP.

Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. The Çetin Hydropower Plant Project is located on the Botan […]

Statkraft’s biggest hydropower project outside Norway on sale.

Statkraft’s biggest hydropower project outside Norway on sale.

Escalating conflict between Turkey and Kurdish militants has prompted Statkraft to initiate a process to sell its 517 MW Cetin hydropower plant, despite it being only partially built. A deal is expected by the end of this year, the state-owned power producer said on Monday. Statkraft said it has chosen brokerage Garanti Securities, a subsidiary of Garanti […]

Statkraft inaugurates new wind parts in Sweden.

Statkraft inaugurates new wind parts in Sweden.

Today marks the inauguration of the two wind farms Björkhöjden and Ögonfägnaden. Comprising 123 wind turbines, the wind farms will generate approximately 1.1 TWh annually. The wind farms are situated in Ragunda, Sollefteå and Strømsund municipalities and will be operated by Statkraft SCA Vind AB, SSVAB, in which Statkraft holds a 60 per cent ownership […]

Visiion selected for Dudgeon Offshore Wind Farm.

Visiion selected for Dudgeon Offshore Wind Farm.

Vysiion, the managed technology solutions provider, has been awarded further contracts to support Statoil’s Dudgeon offshore wind farm development in the UK. The Dudgeon Offshore Wind Farm, operated by Statoil, Statkraft and Masdar, is a £1.5bn project to harness offshore wind to support more than 400,000 UK homes. The 402MW offshore wind farm will be […]

Huge UK offshore wind farm secures £1.3bn.

Huge UK offshore wind farm secures £1.3bn.

The developers of one of the largest offshore wind farms located off the Norfolk coast have secured £1.3 million. It will fund the 402MW Dudgeon Offshore Wind Farm, co-developed by Abu Dhabi’s Masdar and Norwegian firms Statoil and Statkraft, which is currently under construction. The project is the first offshore project in the UK to […]

Masdar secures $1.84B for UK wind farm project.

Masdar secures $1.84B for UK wind farm project.

Dudgeon Offshore Wind said it has secured a £1.3-billion ($1.84 billion) financing for a 402MW project being co-developed by Abu Dhabi’s renewable energy company Masdar (with a 35 per cent stake) along with Norwegian oil and gas company Statoil (35 per cent) and state-owned electricity company Statkraft (30 per cent). It is the first offshore wind […]