402 Megawatt Dudgeon Offshore Wind Farm Opens After 15% Drop In Construction Costs

6 years ago Joshua S Hill
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Co-developers Statoil, Masdar, and Statkraft this week officially opened the 402 megawatt Dudgeon Offshore Wind Farm off the coast of Norfolk in eastern England, after construction costs fell by 15% since the original investment decision.

First announced back in 2014, the 402 MW (megawatt) Dudgeon Offshore Wind Farm was first a joint project between Norwegian utilities Statoil and Statkraft, with 67 6 MW wind turbines supplied by Siemens. The partnership was soon joined by Masdar, with all three developers to own a piece of the Dudgeon pie.

Drone view of the Dudgeon wind farm. (Photo: Jan Arne Wold – Woldcam / Statoil ASA)

At the time, the project costs amounted to £1.5 billion.

Fast-forward to this week, however, and operator Statoil and partners Masdar and Statkraft not only officially opened the Dudgeon Offshore Wind Farm but announced that construction costs had fallen by 15% from the time of initial investment, dropping from £1.5 billion to £1.25 billion.

“Over recent years Statoil has worked hard to reduce costs, improve efficiency and increase profitability in both our oil and gas projects and our renewable projects,” said Statoil’s executive vice president for Technology, projects and drilling, Margareth Øvrum. “Reducing costs by more than 15%, or GBP 250 million, at Dudgeon and completing the construction phase without any serious incidents is a great achievement by all three partners.”

The partners pressed the green button to mark the opening of Dudgeon wind farm – Mohamed Jameel Al Ramahi (CEO of Masdar)(left), Eldar Sætre (CEO of Statoil) and Steinar Bysveen (EVP Wind, District heating and Projects at Statkraft). (Photo: Ole Jørgen Bratland)

“Today marks the completion of a three-year journey to deliver our third wind power project in the United Kingdom, but only the latest step in our collaboration with Statoil and Statkraft,” said Mohamed Al Ramahi, CEO of Masdar. “We’re proud to have played a significant role in the delivery of Dudgeon, both on the operations side and in terms of financing. The teamwork among our three companies has been exceptional, a key factor in the successful delivery of this flagship wind energy project.”

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

CleanTechnica Holiday Wish Book

Holiday Wish Book Cover

Click to download.

Our Latest EVObsession Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
 
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
 
Thank you!
Advertisement
 
CleanTechnica uses affiliate links. See our policy here.

Joshua S Hill

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Joshua S Hill has 4403 posts and counting. See all posts by Joshua S Hill