Statkraft unveils plan to invest $48m in new UK wind projects

A Statkraft wind farm in the UK

Norway’s Statkraft has unveiled plans to invest around £30m ($48m) in new UK wind projects being developed by third parties.

The utility has launched a dedicated wind equity scheme in a bid to improve its ability to sell clean power direct to corporate customers.

Statkraft is initially planning to invest in three to five wind farms, mainly in Scotland, each with a capacity of 7MW to 20MW.

Statkraft chief executive Christian Rynning-Tønnesen says the scheme will see the company take a minority stake in a series of wind energy projects that are currently struggling to secure financing.

The initiative is primarily aimed at developers that want to avoid mortgaging land or selling a majority…

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