Equinor has closed the settlement to promote a 10% curiosity in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) belongings to Eni.
As a part of this transaction Eni has additionally accomplished the settlement to buy a 10% curiosity within the Dogger Bank A and Dogger Bank B belongings from mission associate SSE on the identical phrases.
Following this transaction, the brand new total shareholding in Dogger Bank A and Dogger Bank B is SSE Renewables (40%), Equinor (40%) and Eni (20%).
Eni entered the Dogger Bank A and B belongings efficient from monetary shut of mission financing which was reached on 25 November 2020. The whole consideration acquired at closing is GBP 206.four million.
The farm all the way down to Eni is Equinor’s third offshore wind transaction in lower than two years. The three transactions mixed (divestments of non-operated pursuits in Arkona, Empire Wind /Beacon Wind and Dogger Bank A and B tasks) generated an accounting achieve of roughly USD 1.5 billion.
Equinor divested round 2.5 GW capability within the totally different mission’s levels for the money consideration just below USD 2 billion. This demonstrates the corporate’s observe report in persistently capturing worth from world class belongings.
The A and B phases of the Dogger Bank Wind Farm reached monetary shut at aggressive phrases underlining the attractiveness of the UK offshore wind belongings and the arrogance within the three way partnership.
The third part of the wind farm, Dogger Bank C (1,200 MW), is being developed underneath a distinct timeline. There is not any change to the possession of this part, through which Equinor and SSE every have a 50% stake.
Dogger Bank Wind Farm is an offshore wind farm being developed in three phases – Dogger Bank A, Dogger Bank B and Dogger Bank. The Dogger Bank Offshore Development Zone, situated between 125 and 290km off the east coast of Yorkshire, extends over roughly 8660km² and water depths vary from 18m to 63m.
Each part can have an put in technology capability of as much as 1.2GW and represents a multi-billion pound funding. Combined, they’ll have an put in capability of as much as three.6GW and can be able to powering as much as 6 million houses.
(Source: Equinor – Image: doggerbank.com)
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