Statkraft and innogy have completed an agreement under which innogy has acquired Statkraft’s 50% share in the Triton Knoll offshore wind project.
With the acquisition of Statkraft’s share, innogy has become its sole owner. The purchase price has not been disclosed.
Triton Knoll, which has a planned installed capacity of 860 MW, has been developed through a joint venture between innogy and Statkraft. On Sept. 11, the project was awarded a contract for difference by the U.K. Department for Business, Energy & Industrial Strategy (BEIS) in an auction round to support renewable energy projects.
The planned wind farm, located 32 kilometers off the coast of Lincolnshire in the east of England, has already been fully consented. The final investment decision for the project is expected to be made in mid-2018. Until then, the financing process will be finalized and contracting agreements will be completed with the project’s supply chain partners. MHI Vestas Offshore Wind is providing up to 90 of its V164-9.5 MW turbines.
In 2018, onshore works are scheduled to begin to provide the grid connection. Offshore construction is expected to start in 2020. According to current planning, commissioning of Triton Knoll is expected in 2021.