Offshore staff
STAVANGER, Norway – Equinor has closed the agreement to sell a 10% interest in the Dogger Bank A and B offshore wind 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 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 Nov. 25, 2020. The total consideration received at closing is £206.4 million ($288 million).
This is Equinor’s third offshore wind transaction in less than two years. The three transactions combined (divestments of non-operated interests in Arkona, Empire Wind/Beacon Wind and Dogger Bank A and B projects) generated an accounting gain of about $1.5 billion.
The third phase of the wind farm, Dogger Bank C, is being developed under a different timeline. There is no change to the ownership of this phase, in which Equinor and SSE each have a 50% stake.
02/26/2021
