SSE has entered into an agreement December 4 to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing, as it was informed by SSE. OSLO: British utility SSE and Norwegian oil company Equinor have agreed to invest 6 billion pounds ($8.03 billion) to construct the first two phases of the Dogger Bank offshore wind power project, the two companies said on Thursday. DOGGER BANK WIND FARM 07:00:06 26 Nov 2020 - SSE PLC - News article - Regulatory News Service Once all three phases are complete in March 2026, it will be the largest offshore wind farm in the world. The developers’ 1.2GW Creyke Beck A, 1.2GW Creyke Beck B and 1.2GW Teesside A projects have been rebranded as Dogger Bank A, B and C respectively. This ground-breaking project is located 130km off the Yorkshire Coast and is being built in three phases: Dogger Bank A, B and C. Dogger Bank A (previously known as Creyke Beck A) is around 515km² and 131km from shore at its closest point. It has long been known by fishermen to be a productive fishing bank; it was named after the doggers, medieval Dutch fishing boats especially used for … Located in the North Sea, Dogger Bank A and B are approximately 130km from the Yorkshire Coast, with Dogger Bank C located approximately 200km offshore. De zandbank ligt noordwestelijk ten opzichte van Nederland. SSE Renewables will continue to lead on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the asset on completion. SSE sells Dogger Bank stake. De aanduiding 'dogger' is afgeleid van het Middelnederlandse woord 'dogger', dat vissersboot betekende, met name voor de kabeljauwvangst. Dogger Bank is located more than 130 km off the north-east coast of England and is being developed in three 1.2GW phases by joint venture partners SSE Renewables and Equinor. Divesting this stake in Dogger Bank Wind Farm is in line with SSE’s stated intention to partner to capitalise on its significant growth opportunities related to net zero. Dogger Bank C (previously known as Teesside A) has a maximum installed capacity of up to 1.2GW. All rights reserved. This will be the world’s biggest offshore wind farm development with a … Partners can be introduced at a variety of stages of the project lifecycle, depending on their risk appetites. It now expects adjusted earnings per share for 2020/21 to be in the range of 85 pence to 90 pence. This transaction will enable us to fund further low carbon growth opportunities, helping to deliver governments’ net zero ambitions and our own target to treble our renewable output by 2030.”, Claudio Descalzi, Chief Executive Officer of Eni, said: “For Eni, entering the offshore wind market in Northern Europe is a great opportunity to gain further skills in the sector thanks to the collaboration with two of the industry’s leading companies, and to make a substantial contribution to the 2025 target of 5GW of installed capacity from renewables, an intermediate step towards the more ambitious target of zero net direct and indirect greenhouse gas emissions in Europe by 2050.”. It was developed by the Forewind consortium, while three phases were envisioned - first phase (Creyke Beck A and B), second phase (Teesside A and B) and third phase (Teesside C and D). It is around 560km² in size, with its closest point from shore at 196km. This Joint Venture project between SSE Renewables and Equinor was granted consent as a Nationally Significant Infrastructure Project in 2015. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. SSE intends to use the proceeds to … (marketscreener.com) Prime Minister Boris Johnson has hailed SSE's Dogger Bank Wind Farm as central to the UK's power future as he visited the North East of England today. Proposed MW capacity: 3.6GW - that’s 1.2GW for each of the three phases. Offshore, each phase will have up to 200 turbines. Copyright SSE © 2021. Het Dogger Bank offshore windpark is op 50/50 basis in het bezit van het Noorse energiebedrijf Equinor en het Britse energiebedrijf SSE (Scottish and Southern Energy). All rights reserved. SSE Renewables and Norwegian energy company Equinor have started construction of the 3.6GW Dogger Bank offshore wind farm to be located 130km off the North East coast in the North Sea. The wealth of positive socio-economic impacts includes bringing jobs to the area, apprenticeship schemes and the scheme will provide a community benefit fund which focusses on STEM education in the onshore construction areas. Ownership: This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. There is no change to the ownership of the third phase, Dogger Bank C (1,200MW), in which SSE and Equinor each have a 50% stake. SSE plc. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. 3.6GW - that’s 1.2GW for each of the three phases. Dogger Bank Wind Farm is a group of offshore wind farms under construction 125 to 290 kilometres (78 to 180 mi) off the east coast of Yorkshire, in the North Sea, United Kingdom. Britain's SSE said on Wednesday it expected to announce the results of its plan to sell a stake in the Dogger Bank offshore wind project in coming weeks. https://doggerbank.com/downloads/Creyke-Beck-Consents-Documents.zip, https://doggerbank.com/downloads/Teesside-A-Consent-Documents.zip. The transaction is expected to complete in early 2021, subject to regulatory and lender approvals. This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. The offshore cables come ashore at Ulrome, in the East Riding of Yorkshire, and will traverse down the county for just over 30km to the Creyke Beck substation near Cottingham. THE PARTNERS. We are using the world’s most powerful wind turbine – the Haliade-X.GE Renewable Energy will supply Dogger Bank with this next generation of offshore technology, bringing the world’s most powerful wind turbine to the world’s largest wind farm. News on the deal was expected "in the coming weeks", SSE Chief Executive Alistair Phillips-Davies said in a call with journalists on Wednesday. Located in the North Sea, Dogger Bank A and B are approximately 130km from the Yorkshire Coast, with Dogger Bank C located approximately 200km offshore. Het windpark wordt in 3 fases ontwikkeld: A, B en C met elk 1,2 GW vermogen. It also reduces overall risk and financial exposure on large-scale projects and avoids a large increase in net debt that is not earning. It ensures SSE focuses its investment where it can secure developer premiums and realise value at the earliest opportunity. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. 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