Eni also has an agreement to purchase a further 10% from project partner SSE Renewables on the same terms. Once the transaction goes through, the shareholders will be SSE Renewables (40%), Equinor (40%), and Eni (20%).
Equinor and SSE Renewables secured 3.6 GW of offshore wind contracts for Dogger Bank under the UK’s 2019 Contract for Difference auctions.
Dogger Bank A and B, the first two phases, reached financial closure in 2020.
According to Equinor, the completed Dogger Bank will be the world’s largest offshore wind farm, generating around 18 TWh annually, sufficient to meet 5% of the UK’s overall demand.