SSE: Dogger Bank delay will not impact returns

SSE Renewables has updated investors on the delayed completion date for the Dogger Bank A section of the Dogger Bank Wind Farm.

Dogger Bank will be the world’s biggest offshore wind farm and is a joint venture between SSE Renewables (40%), Equinor (40%) and Vårgrønn (20%).

“Following the three recent blade failures on the Haliade-X turbine, the Dogger Bank Wind Farm project team has been working closely with turbine manufacturer, GE Vernova, to assess any impact on the expected completion date of Dogger Bank A,” said SSE Renewables.

“Whilst installation and commissioning work resumed on the windfarm in late August, the project team and GE Vernova have confirmed they now expect the Dogger Bank A will reach completion within the second half of calendar year 2025.

“This expected completion date reflects the delay resulting from the additional quality assurance procedures and remedial works put in place by GE Vernova following the Vineyard Wind blade failure.

“SSE expects the financial impact from the delay will not materially impact project equity returns, which remain comfortably above SSE’s offshore wind hurdle rate.”