sse dogger bank

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. 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.” This Joint Venture project between SSE Renewables and Equinor was granted consent as a Nationally Significant Infrastructure Project in 2015. Offshore, each phase will have up to 200 turbines. Proposed MW capacity: 3.6GW - that’s 1.2GW for each of the three phases. 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. SSE Renewables will lead on the construction phase of each project and Equinor will lead on operating Dogger Bank during its 25 year lifespan. Once all three phases are complete in March 2026, it will be the largest offshore wind farm in the world. 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 sells stake in Dogger Bank Wind Farm. Ownership: This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. https://doggerbank.com/downloads/Creyke-Beck-Consents-Documents.zip, https://doggerbank.com/downloads/Teesside-A-Consent-Documents.zip. It was developed by the Forewind consortium, while three phases were envisioned - first phase (Creyke Beck A and B), second phase (Teesside A and B) and third phase (Teesside C and D). 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. The transaction is expected to complete in early 2021, subject to regulatory and lender approvals. Partners can be introduced at a variety of stages of the project lifecycle, depending on their risk appetites. Italian energy giant Eni purchased the stake for $271m (£202.5m). Dogger Bank C (previously known as Teesside A) has a maximum installed capacity of up to 1.2GW. 3.6GW - that’s 1.2GW for each of the three phases. SSE Renewables will continue to lead on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the asset on completion. SSE intends to use the proceeds to … 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. Copyright SSE © 2021. All rights reserved. Dogger Bank Wind Farm is the largest of SSE Renewables' projects currently in construction. 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 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. SSE plc. 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. DOGGER BANK WIND FARM 07:00:06 26 Nov 2020 - SSE PLC - News article - Regulatory News Service It is around 560km² in size, with its closest point from shore at 196km. 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. 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. De zandbank ligt noordwestelijk ten opzichte van Nederland. Equinor and SSE have today announced financial close on the first two phases of the Dogger Bank wind farm project. The partners said they had … Located 130 km off the coast of Yorkshire in the North Sea, it is set to be the world's largest … News on the deal was expected "in the coming weeks", SSE Chief Executive Alistair Phillips-Davies said in a call with journalists on Wednesday. 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. Dogger Bank Wind Farm is the largest of SSE Renewables’ projects currently in construction. (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. 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 sells Dogger Bank stake. Dogger Bank Wind Farm is a Joint Venture Partnership between SSE Renewables and Equinor, each with a 50% share. Mr Johnson joined SSE Chief Executive Alistair Phillips-Davies for a tour of … Dogger Bank is owned by Equinor (50%) and SSE Renewables (50%). Copyright SSE © 2021. De Doggersbank (ook Doggerbank) is een ondiepte in de Noordzee, ten oosten van Noord- Engeland. Dogger Bank, which will include three individual wind farms Creyke Beck A, Creyke Beck B and Teesside A, each with 1.2GW of capacity, was selected by the UK government during last September’s Contracts for … Italy's Eni will buy a 20% stake in the Dogger Bank Wind Farm development from Norway's Equinor and Britain's SSE for a combined 405 million pounds … Dogger Bank will be the world’s largest offshore wind farm when complete and will generate enough energy to meet around 5% of the UK’s electricity needs. When completed, Dogger Bank will be the world's largest offshore wind farm. THE PARTNERS. All rights reserved. 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. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. The developers’ 1.2GW Creyke Beck A, 1.2GW Creyke Beck B and 1.2GW Teesside A projects have been rebranded as Dogger Bank A, B and C respectively. Eni has also entered into an agreement to purchase a 10% stake in Dogger Bank A and B from project partner Equinor. 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. Together these flagship projects will support SSE Renewables' goal of trebling its renewable energy output by 2030 to support net zero. Equinor and SSE Renewables, the owners of Dogger Bank Wind Farm, one of the largest wind farms in the world, have announced that Italian energy firm Eni will join as a partner. It has long been known by fishermen to be a productive fishing bank; it was named after the doggers, medieval Dutch fishing boats especially used for … 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. Steve Wilson, Dogger Bank Wind Farm’s Project Director at SSE Renewables, said: “Signing the contract with GE Renewable Energy is not just great news for Dogger Bank and GE, but for the wider offshore wind industry, marking the first time a 13MW turbine will be installed in the world. SSE Renewables will lead on construction and Equinor will lead on the long-term operational phase. 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.”. 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. When completed, Dogger Bank will be the world’s largest offshore wind farm. SSE and Equinor have agreed 15-year power purchase agreements (PPAs) for the first two phases of the Dogger Bank offshore wind farm they are developing off the coast of Britain, the companies said on Tuesday. 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 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. 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. 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 Renewables has signed an agreement to sell a 10% stake in the Dogger Bank (A and B) 2.4GW project. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. 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. Het Dogger Bank offshore windpark is op 50/50 basis in het bezit van het Noorse energiebedrijf Equinor en het Britse energiebedrijf SSE (Scottish and Southern Energy). Het windpark wordt in 3 fases ontwikkeld: A, B en C met elk 1,2 GW vermogen. This will be the world’s biggest offshore wind farm development with a … We will be using the world’s largest jack-up installation vessel, the Voltaire, made by Jan de Nuul. It now expects adjusted earnings per share for 2020/21 to be in the range of 85 pence to 90 pence. 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. Sale of stake in Dogger Bank Wind Farm. SSE Renewables and Equinor have renamed their trio of projects in the Dogger Bank totalling 3600MW. Dogger Bank Wind Farm is the world’s largest offshore wind farm in development. Dogger Bank B (previously known as Creyke Beck B) is the largest in area with a size of 599km²and also 131km from shore at its nearest point. This new,state-of-the-art vessel will have a lifting capacity of 3,000 tonnes. The Dogger Bank Wind Farm development is a joint venture partnership between SSE Renewables and Equinor, each having a 50% stake. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Additionally, Eni agreed to purchase a 10% stake in Dogger Bank (A and B) from project partner Equinor. 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. 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. The project will connect to the national grid at the existing Lackenby Substation in Teesside. 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. It ensures SSE focuses its investment where it can secure developer premiums and realise value at the earliest opportunity. 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. Dogger Bank is a large sandbank in a shallow area of the North Sea about 100 kilometres off the east coast of England. 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. 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%). Dogger Bank Wind Farm is a group of offshore wind farms under construction 125 to 290 kilometres (78 to 180 mi) off the east coast of Yorkshire, in the North Sea, United Kingdom. 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. Dogger Bank A has an installed capacity of up to 1.2GW and Dogger Bank B has an installed capacity of 1.2GW. Construction on Dogger Bank A and B began in January 2020. This project is a 50:50 Joint Venture between SSE Renewables and Equinor, with SSE Renewables leading the construction phase. During the last ice age the bank was part of a large landmass connecting Europe and the British Isles, now known as Doggerland. 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. Together these flagship renewable energy projects are driving SSE Renewables’ significant growth to 2025 and demonstrate the quality and value of its development portfolio. 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. De aanduiding 'dogger' is afgeleid van het Middelnederlandse woord 'dogger', dat vissersboot betekende, met name voor de kabeljauwvangst. 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. The project will become the world's largest offshore wind farm, helping both companies to achieve their climate targets. (marketscreener.com) Prime Minister Boris Johnson has hailed SSE's Dogger Bank Wind Farm as central to the UK's power future as he visited the North East of England today. 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