Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni. As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms.
Equinor and SSE have each completed the sale of 10% interests in both the Dogger Bank A and B offshore wind farms off the east coast of England to Eni.
Eni now holds 20% stakes in each project, which both will have capacity of 1.2GW, with SSE Renewables and Equinor each holding 40%.
Equinor said the total consideration received at closing is £206.4m, with the SSE deal on the same terms.
There is no change to the third phase of the wind farm, 1.2GW Dogger Bank C, with Equinor and SSE each having a 50% stake.
Equinor said the farm down to Eni is its third offshore wind transaction in less than two years.
Italian oil and gas major Eni has completed the acquisition of a 20 per cent stake in the 1.2 GW Dogger Bank A and the 1.2 GW Dogger Bank B offshore wind farms in the UK.
Premium Content
Biden Sets The Stage For An Offshore Wind Energy Boom By Tsvetana Paraskova - Feb 14, 2021, 4:00 PM CST
The U-turn of the U.S. Administration’s energy policies under President Joe Biden sets the stage for a flourishing U.S. offshore wind industry, as the federal government looks to speed up environmental reviews to make offshore wind a significant contributor to the new clean energy goals. In the United States, offshore wind hasn’t really taken off, with just two small offshore wind farms in operation with less than 50 megawatts (MW) of combined capacity. To compare, Europe has 113 offshore wind farms in 12 countries installed, with 25 gigawatts (GW) of total offshore wind capacity.
Breaking industry news and email bulletins
Analysis of the lastest trends to help you make informed decisions
Searchable content archive dating back to 1994