Equinor Sells 10% Interest in British Offshore Wind Farms to Eni

Wind Industry Profile of

Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni.

As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms. Following this transaction, the new overall shareholding in Dogger Bank A and Dogger Bank B is SSE Renewables (40%), Equinor (40%) and Eni (20%). Eni entered the Dogger Bank A and B assets effective from financial close of project financing which was reached on 25 November 2020. The total consideration received at closing is GBP 206.4 million. The farm down to Eni is Equinor’s third offshore wind transaction in less than two years. The... ... More: Official Press Release Equinor

Keywords:

Equinor, Eni, Dogger Bank A B, interest, sale, acquisition, purchase, wind farm, offshore, UK