Wind energy – Dogger Bank C
SSE Renewables has entered into an agreement to sell a 10% stake in Dogger Bank C to Eni for an equity consideration of £70m.
Dogger Bank will be the world’s largest offshore wind farm when completed and remains on track, including reaching Financial Close by the end of 2021 for the 1.2GW Dogger Bank C phase which won a CfD in the 2019 auction and is currently jointly owned 50/50 by SSE Renewables and Equinor.
Equinor has also sold a 10% stake to Eni as part of this transaction, so once complete, the new overall shareholding in Dogger Bank C will be – SSE Renewables (40%), Equinor (40%) and Eni (20%).
The transaction is expected to complete by Q1 2022 subject to regulatory approvals and customary purchase price adjustments.
SSE Renewables will continue to lead on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the asset on completion.
