Hydropower company Statkraft will sell its 30 % equity stake in the 402 ##m Dudgeon offshore project to a consortium including the state - owned China Resources Holdings Company . The project , which will cost £ 555 million ( $ 752 m ) , still needs to undergo examination by Chinese and German competition authorities , and potentially the Korean regulator . The sale is likely to be completed by the end of the first quarter of 2018 . Statkraft said in 2015 that it planned to leave the offshore wind industry due to its drain on capital , with Dudgeon being its last customer .
Hydropower company Statkraft will sell its 30% equity stake in the 402 MW Dudgeon offshore project to a consortium including the state-owned China Resources Holdings Company. The deal, which will cost £555m ($752m), still needs to undergo examination by Chinese and German competition authorities, and potentially the Korean regulator. The sale is likely to be completed by the end of the first quarter of 2018. Statkraft said in 2015 that it planned to exit the offshore wind industry due to its drain on capital, with Dudgeon being its last holding.