SSE Renewables completes Dogger Bank stake sale

SSE Renewables announced it has completed its agreement to sell a 10% interest in the giant Dogger Bank C offshore wind farm to Eni for £68 million.

“As part of this transaction Eni has also completed the agreement to purchase a 10% interest in Dogger Bank C from project partner Equinor on the same terms,” said SSE Renewables.

“Eni entered the Dogger Bank C project with effect from project financial close which was reached on 1 December 2021.

“The total consideration received at closing was GBP £68m.

“A consistent combination of equity partners across all three phases of the project will enable further synergies across both the construction and operations phase of the Dogger Bank wind farm.”

SSE Renewables will continue to lead on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the asset on completion.

Once its three phases are complete, expected by March 2026, Dogger Bank will be the largest offshore wind farm in the world.

It is expected to generate around 18 TWh annually, enough renewable electricity to supply 5% of the UK’s demand and equivalent to powering six million UK homes.

Dogger Bank Wind Farm is the largest of SSE Renewables’ projects currently in construction.

SSE Renewables is currently also leading the construction of the Seagreen offshore wind farm, which will be Scotland’s largest on completion, and the wholly-owned Viking wind farm, which will be the UK’s most productive onshore wind farm on completion.