The company said that the agreements mark the launch of its renewable power purchase business in the UK.

Both wind farm projects secured bank debt finance and the agreements last up to 15 years and encompass the purchase of electricity and renewable benefits.

One arrangement covers two wind farms in Wales, whilst the second is for a wind farm in Aberdeenshire.

Two of the wind farms are now operational and the third is currently under construction.

Statkraft offers both long- and short-term PPAs for all forms of renewable generation under either the Renewables Obligation or the Feed in Tariff mechanisms, including wind, hydropower, biomass and anaerobic digestion.