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.
Following this transaction, the new overall 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 assets effective from financial close of project financing which was reached on 25 November 2020. The total consideration received at closing is GBP 206.4 million.
The third phase of the wind farm, Dogger Bank C (1,200 MW), is being developed under a different timeline. There is no change to the ownership of this phase, in which Equinor and SSE each have a 50% stake.