sse dogger bank

We will be using the world’s largest jack-up installation vessel, the Voltaire, made by Jan de Nuul. We are using the world’s most powerful wind turbine – the Haliade-X.GE Renewable Energy will supply Dogger Bank with this next generation of offshore technology, bringing the world’s most powerful wind turbine to the world’s largest wind farm. 4 December 2020: SSE has entered into an agreement to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing. When completed, Dogger Bank will be the world's largest offshore wind farm. SSE Renewables is currently also leading the construction of the Seagreen offshore wind farm (1,075MW, SSE Renewables 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. SSE sells Dogger Bank stake. SSE finance director Gregor Alexander said, “The sale of a stake in Dogger Bank to Eni is another successful example of SSE’s approach to partnering to create and secure value for shareholders. 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%). Located in the North Sea, Dogger Bank A and B are approximately 130km from the Yorkshire Coast, with Dogger Bank C located approximately 200km offshore. Partners can be introduced at a variety of stages of the project lifecycle, depending on their risk appetites. 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. UK authorities announced today, 20 September, that Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea. 4 December 2020: SSE has entered into an agreement to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing. This Joint Venture project between SSE Renewables and Equinor was granted consent as a Nationally Significant Infrastructure Project in 2015. SSE Renewables and Equinor have renamed their trio of projects in the Dogger Bank totalling 3600MW. 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. SSE has entered into an agreement December 4 to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing, as it was informed by SSE. OSLO: British utility SSE and Norwegian oil company Equinor have agreed to invest 6 billion pounds ($8.03 billion) to construct the first two phases of the Dogger Bank offshore wind power project, the two companies said on Thursday. Copyright SSE © 2021. Our project team have years of experience that they bring from other projects,from Beatrice Offshore Wind Farm to Hywind Scotland. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. 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. Together these flagship projects will support SSE Renewables' goal of trebling its renewable energy output by 2030 to support net zero. The offshore cables come ashore at Ulrome, in the East Riding of Yorkshire, and will traverse down the county for just over 30km to the Creyke Beck substation near Cottingham. SSE’s approach to selling down stakes to retain typically 30-40% equity in a project and working with equity partners during construction and/or operation brings a number of benefits. Sale of stake in Dogger Bank Wind Farm. SSE sells stake in Dogger Bank Wind Farm. Together these flagship renewable energy projects are driving SSE Renewables’ significant growth to 2025 and demonstrate the quality and value of its development portfolio. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Construction on Dogger Bank A and B began in January 2020. (Sharecast News) - SSE said it had sold a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for £202.5m as it lifted guidance for the 2020/21 fiscal year. It also reduces overall risk and financial exposure on large-scale projects and avoids a large increase in net debt that is not earning. 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.”. Britain's SSE said on Wednesday it expected to announce the results of its plan to sell a stake in the Dogger Bank offshore wind project in coming weeks. Dogger Bank Wind Farm is a joint venture between SSE Renewables, who are leading the construction of the offshore wind farm, and Equinor, who will operate the 3.6GW project during its lifetime of at least 25-years. The project will become the world's largest offshore wind farm, helping both companies to achieve their climate targets. Additionally, Eni agreed to purchase a 10% stake in Dogger Bank (A and B) from project partner Equinor. Het windpark wordt in 3 fases ontwikkeld: A, B en C met elk 1,2 GW vermogen. This ground-breaking project is located 130km off the Yorkshire Coast and is being built in three phases: Dogger Bank A, B and C. Dogger Bank A (previously known as Creyke Beck A) is around 515km² and 131km from shore at its closest point. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Perth-based energy company SSE is selling a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for £202.5m. All rights reserved. De zandbank ligt noordwestelijk ten opzichte van Nederland. It now expects adjusted earnings per share for 2020/21 to be in the range of 85 pence to 90 pence. When completed, Dogger Bank will be the world’s largest offshore wind farm. Located 130 km off the coast of Yorkshire in the North Sea, it is set to be the world's largest … https://doggerbank.com/downloads/Creyke-Beck-Consents-Documents.zip, https://doggerbank.com/downloads/Teesside-A-Consent-Documents.zip. The wealth of positive socio-economic impacts includes bringing jobs to the area, apprenticeship schemes and the scheme will provide a community benefit fund which focusses on STEM education in the onshore construction areas. Offshore, each phase will have up to 200 turbines. 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. SSE plc. Dogger Bank is located more than 130 km off the north-east coast of England and is being developed in three 1.2GW phases by joint venture partners SSE Renewables and Equinor. 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 Wind Farm is the largest of SSE Renewables’ projects currently in construction. Dogger Bank successfully secured 15-year contracts (CfDs) for 3.6GW of new offshore wind energy in the UK Government’s most recent auction for low carbon power in 2019. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Italian energy giant Eni purchased the stake for $271m (£202.5m). Ownership: This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. Alongside Dogger Bank, SSE Renewables is also constructing Seagreen offshore wind farm which will be Scotland's largest on completion and Viking wind farm which will be the UK's most productive onshore wind farm. 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.” SSE has entered into an agreement to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing. This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. Dogger Bank Wind Farm is the largest of SSE Renewables' projects currently in construction. All rights reserved. SSE Renewables and Norwegian energy company Equinor have started construction of the 3.6GW Dogger Bank offshore wind farm to be located 130km off the North East coast in the North Sea. SSE intends to use the proceeds to … SSE Renewables will lead on construction and Equinor will lead on the long-term operational phase. The Dogger Bank Wind Farm development is a joint venture partnership between SSE Renewables and Equinor, each having a 50% stake. 3.6GW - that’s 1.2GW for each of the three phases. Proposed MW capacity: 3.6GW - that’s 1.2GW for each of the three phases. 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