The 10 billion kroner project has suffered major cost overruns and a succession of hold-ups, prompting joint-owner Statkraft to decrease the value of its 50 percent holding by 338 million kroner. Statoil’s own assessment differs, however, and it has taken no action regarding its half so far.
One problem was slower-than-planned wind turbine installation caused by last year’s extreme autumn and winter weather. Moreover, Statoil had to replace the heavy-lift vessel used to establish the 500-ton foundations in the summer.
Neither business will comment about how much the extra outlay is, but Statoil press spokesperson Morten Eek tells Aftenbladet: “We’re now looking to see if we can reduce the extra costs that have arisen, through, amongst other things, revenues from wind turbines that are already up and in production.”
Statkraft’s Torbjørn Steen calls the situation “challenging”, but says the company “still wants to have an industrial role within the wind power sector”.