With completion of the deal, Equinor and SSE will each own a 40% stake in Dogger Bank A & B, while Eni will hold a 20% stake in the wind farm. Eni buys 20% of Dogger Bank wind power project from SSE, Equinor Back to video Following the deal, SSE and Equinor will each hold 40% while Eni will own the remaining 20%. Dogger Bank Wind Farms Project Director, Bjørn Ivar Bergemo, said: “Our success in the CfD auction was due in large part to the relationships we have built with our supply chain, which enabled the lowest ever strike prices. 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Dogger Bank Wind Farm is owned by Equinor (50%) and SSE Renewables (50%) and is located 130 km off the coast of Yorkshire in the UK. Linkedin . There are no permanent restrictions on fishing activity in the Dogger Bank protected area, making it protected in name only. Once the deal completes, expected to be early 2021, the overall shareholding in Dogger Bank A and Dogger Bank B - the first two phases of the project - will be SSE 40%, Equinor 40%, and Eni 20%. It also reduces overall risk and financial exposure on large-scale projects and avoids a large increase in net debt that is not earning. The Dogger Bank’s seabed is one of the North Sea’s most important habitats. The Dogger Bank is another of Sam Larner's fishing songs, but this one probably began life in America, to come over with the “Coon Shows”, go into the music-halls and eventually find its way to the fishermen who adapted it (drastically) to their own needs. January 04, 2021 08:56 AM GMT Team Kalkine; Facebook. Since 2017 SSE and Equinor own Dogger Bank Teesside A (renamed to Dogger Bank C ), while Dogger Bank Teesside B was taken by Innogy and renamed Sofia Offshore Wind Farm. Author: Archangel12. These species are a vital food source for porpoises and seabirds like puffins. 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. SSE and Statoil together will each own 50% of the three projects: Dogger Bank Creyke Beck A, Dogger Bank Creyke Beck B and Dogger Bank Teesside A. The projects are located in the North Sea off the east coast of England. The island sounds "out of science fiction", says one of the developers, but could help provide cheap and clean energy to millions. Eni has also entered into an agreement to purchase a 10% stake in Dogger Bank A and B from project partner Equinor. Doggerbank Seefischerei GmbH has 20 employees at this location and generates $47.39 million in sales (USD). Equinor (50% share owner of Dogger Bank Wind Farm) will undertake recruitment in their capacity as long term operator of the wind farm. Former partners Statoil and SSE both took half of the shares increasing their own assets to 37.5% each. Geological surveys have suggested that it stretched from where Great Britain's east coast now is to the present-day Netherlands, western coast of Germany, and peninsula of Jutland. Gregor Alexander, SSE's Finance Director, said: “The sale of a stake in Dogger Bank Wind Farm to Eni is another successful example of SSE's approach to partnering to create and secure value for shareholders. Dogger Bank consists of four projects that are developed by the Forewind consortium and were granted planning permission in 2015. Oil giant Eni to buy stake in 2.4GW Dogger Bank offshore project. Sign in to continue . Completion of both stages is expected to be complete by 2024. Posted by Michelle Howard Artificial island is planned on Dogger Bank for cheaper wind power. License: Creative Commons. Dogger Bank’s three projects, Dogger Bank A, Dogger Bank B and Dogger Bank C, secured 3.6GW of offshore wind contracts in the UK Government’s 2019 contracts for difference auctions. 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. There are 79 companies in the Doggerbank Seefischerei GmbH corporate family. On 26 November 2020, SSE and Equinor announced they had reached financial close on the first two phases of Dogger Bank Wind Farm, a ground-breaking project off the north east coast of England. Once the transaction is complete, the new overall shareholding in Dogger Bank A (1,200MW) and Dogger Bank B (1,200MW) will be – SSE (40%), Equinor (40%) and Eni (20%). Germany’s Innogy SE (ETR:IGY) continues to own the remaining 25% in the scheme. The new ownership agreements mean the projects will now be progressed towards Financial Investment Decisions by their respective owners. It is home to sandeels, crabs, flatfish and more. The remaining project, Dogger Bank Teesside B will be owned 100 percent by innogy. Together these flagship renewable energy projects are driving SSE Renewables’ significant growth to 2025 and demonstrate the quality and value of its development portfolio. The first two phases of the Dogger Bank complex will feature GE’s 13MW Haliade-X turbines. Sign in . 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. 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.”. Doggerland (also called Dogger Littoral) was an area of land, now submerged beneath the southern North Sea, that connected Great Britain to continental Europe.It was flooded by rising sea levels around 6500–6200 BC. Email address. Dogger Bank, extensive isolated shoal in the North Sea, lying about 60 miles (100 km) off the northeastern coast of England. World Energy News is the global authority on the international energy industry, delivered to your Email two times per week. All rights reserved. Sofia, owned by will use 100 Siemens Gamesa 14MW turbines. SSE Renewables is currently also leading the construction of the Seagreen offshore wind farm (1,075MW, SSE share 49%), which will be Scotland’s largest on completion, and the wholly-owned Viking wind farm (443MW), the UK’s most productive onshore wind farm. December 4 (Renewables Now) - Italian oil-and-gas major Eni SpA (BIT:ENI) has struck deals to acquire a 20% ownership interest in the first two phases of the 3.6-GW Dogger Bank offshore wind project in UK waters. In total it will generate around 18,000GWh, enough renewable electricity to supply 5% of the UK’s demand, equivalent to powering six million UK homes. Dogger Bank C Offshore Wind Farm (formerly known as Dogger Bank Teesside A) and Sofia Offshore Wind Farm (wholly owned by RWE formerly Innogy) have jointly applied to Redcar and Cleveland Borough Council (RBC) for consent for five areas of alternative or additional infrastructure to the consented 9km of buried onshore grid connection spanning from the landfall for Dogger Bank Wind Farm C and Sofia … Partners can be introduced at a variety of stages of the project lifecycle, depending on their risk appetites. Equinor. The construction has progressed on the Dogger Bank windfarm, the biggest windfarm ever built and an engineering marvel that presents a significant change in the field of renewable energy. 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