SSE and Equinor will invest £6 Billion in the project
Equinor and SSE have closed on the first two phases of the Dogger Bank wind farm project, the the largest offshore wind project financing to date.
Agreeing to jointly invest a total of £6bn towards construction of the giant project off the north east coast of England. The project is being built in three 1.2 GW phases, with the first two phases being constructed at the same time to take advantage of the synergies resulting of geographical proximity and use of common technology.
Pal Eitrheim, Equinor’s executive vice president of New Energy Solutions, said:
“Reaching financial close on the two first phases of Dogger Bank is a major milestone, demonstrating our commitment to profitable growth within offshore wind.
“The extensive interest from lenders underpins the attractiveness of UK offshore wind assets and confidence in SSE and Equinor.
“As the wind farm’s future operator, we are proud to take this big step forward in delivering what will be the backbone of a growing wind hub in the North Sea.”
Want to learn more about the future of offshore wind?
You can watch our recent “Speed and Scale” webinar here for free and learn from:
Chair: Matthew Knight, Head of Business Development, Siemens Energy
● Rita Wadey, Deputy Director – Hydrogen Economy, Department for Business, Energy and Industrial Strategy (BEIS)
● Benj Sykes, Industry Chair, Offshore Wind Industry Council (OWIC) and VP, UK Offshore Ørsted
● Barry Carruthers, Director of Hydrogen, and Head of Innovation, Sustainability and Quality, ScottishPower
● Clare Jackson, Senior Consultant, Ecuity & Programme Manager, Hydrogen Hub
See what our speakers had to say about offshore wind and our hydrogen energy ambitions.