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Innogy buys Statkraft's 50 percent stake in British offshore wind farm

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Innogy buys Statkraft's 50 percent stake in British offshore wind farm

Innogy buys Statkraft's 50 percent stake in British offshore wind farm
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FRANKFURT (Reuters) – Innogy <IGY.DE> has bought from Norway’s Statkraft [STATKF.UL] its 50 percent stake in the British offshore wind farm project Triton Knoll to become the sole owner, the Germany company said on Tuesday. The purchase was for an undisclosed sum. The overall investment in the project is about 2 billion pounds ($2.64 billion). With 860 megawatts of generating capacity, Triton Knoll is due to go live in 2021 and is expected to supply the equivalent of 800,000 British households with renewable electricity each year. “In due course, we will also review all options regarding the ownership structure of Triton Knoll to maximise value for our company and our shareholders,” said Hans Buenting, chief operating officer of the renewables division of Innogy.

(Reporting by Tom Sims; Editing by Greg Mahlich)
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