Statkraft to Construct Its First Subsidy-Free Onshore Wind Farm in the UK

Wind Industry Profile of

Statkraft has decided to construct the 43 MW Windy Rig wind farm in Scotland, and subsequently transfer ownership of the project post-construction to Greencoat UK Wind PLC.

In addition, Statkraft has further agreed to transfer ownership of the 38MW Twentyshilling wind farm post-construction to Greencoat UK Wind, subject to a final investment decision on the project in early 2020. Windy Rig and Twentyshilling wind farms are subsidy free projects located in Dumfries & Galloway and were originally developed by Element Power, which Statkraft acquired in September 2018. Statkraft has agreed to transfer ownership of the projects to Greencoat UK Wind post-construction, with Statkraft managing the construction and providing operational management services for... ... More: Official Press Release Statkraft

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Statkraft, UK, Scotland, wind farm, merchant wind project, ownership, construction, Greencoat, investment, subsidy-free, onshore