Both wind farm projects secured bank debt finance and the agreements last up to 15 years and encompass the purchase of electricity and renewable benefits.

”Statkraft’s ambition is to be the leading renewable energy company in Europe, and a driving force for renewable energy in the United Kingdom” says Asbjørn Grundt, Executive Vice President, Head of Market Operations and IT in Statkraft.

“As well as developing onshore and offshore wind farms, Statkraft’s standing, values and pedigree allows us to offer bankable power purchase agreements to independent generators in the UK,” he adds.