Equinor closes stake sale in Dogger Bank A and B offshore wind farms

Equinor has wrapped up its previously announced £206.4 million deal to divest a 10% stake in the 1.2GW Dogger Bank A offshore wind farm and the 1.2GW Dogger Bank B offshore wind farm to Eni.

Both the Dogger Bank offshore wind farms are located in the UK North Sea.

As part of the deal, Eni has also closed the deal to acquire a 10% stake in the Dogger Bank A and Dogger Bank B offshore wind farms from project partner SSE on the same terms.

Equinor closes stake sale in Dogger Bank A and B offshore wind farms with Eni. Photo courtesy of Equinor ASA.

After the completion of the two deals, Equinor and SSE Renewables have a stake of 40% each in the British offshore wind farms, while Eni has a 20% stake.

Equinor stated: “The A and B phases of the Dogger Bank Wind Farm reached financial close at competitive terms underlining the attractiveness of the UK offshore wind assets and the confidence in the joint venture.”

The deals do not affect the 1.2GW Dogger Bank C offshore wind farm in which Equinor and SSE have a 50% stake each.