Dudgeon 402MW offshore wind farm

Project development, Project finance

£ 1.3 billion

$ 1.887 billion




  • Dudgeon 402MW offshore wind farm.
  • The project is one of the largest wind farm developments in the world.
  • The project is located 32km off of the North Norfolk coastline and is being developed by Norwegian oil and gas company Statoil (35%), Abu Dhabi‘s renewable energy company Masdar (35%), and Norway‘s state-owned electricity company Statkraft (30%).
  • The project is the first to take advantage of the UK's new 'Contract for Difference' (CfD) scheme.
  • The project is being funded through £1.3 billion in finance arranged by The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Crédit Agricole Corporate & Investment Bank, KfW IPEX-Bank, Mizuho Bank, Abbey National Treasury Services (trading as Santander Global Corporate Banking), Siemens Financial Services, Societe Generale Corporate & Investment Bank and Sumitomo Mitsui Banking Corporation.

Sam Duke - Editor


United Kingdom

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:



Party: The Bank of Tokyo Mitsubishi (Arranger)

Party: BNP Paribas (Arranger)

Party: Credit Agricole (Arranger)

Party: KfW (Arranger)

Party: Mizuho Bank (Arranger)

Party: Banco Santander (Arranger)

Party: Siemens Bank (Arranger)

Party: Societe Generale Bank & Trust (Arranger)

Party: Sumitomo Mitsui Banking Corporation (Arranger)

Party: Statoil (Project developer)

Party: Masdar (Project developer)

Party: Statkraft (Project developer)

Lawyer: John Pickett