"As part of our strategy to develop from an oil and gas company to a broad energy major, Statoil will grow significantly in profitable renewable energy, with an ambition to invest around NOK 100 billion towards 2030. Dudgeon has successfully been developed in cooperation with Masdar and Statkraft, and is a key part of Statoil’s strategy to complement our oil and gas portfolio with profitable renewable energy solutions, as well as adding to Statoil’s strong UK presence," says Sætre.

Dudgeon is located 40 kilometers off the coast of Norfolk in England. Local suppliers account for more than 40% of the value creation in the Dudgeon project.

"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. 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," says Mohamed Al Ramahi, CEO of Masdar.