SSE has entered into an agreement to sell a 10% stake in Dogger Bank C to Eni for an equity consideration of £70m. The 1.2GW Dogger Bank C phase won a CfD in the 2019 auction and is currently jointly owned 50/50 by SSE and Equinor.
Equinor has also sold a 10% stake to Eni as part of this transaction, so once complete, the new overall shareholding in Dogger Bank C will be – SSE (40%), Equinor (40%) and Eni (20%). The transaction is expected to complete by Q1 2022 subject to regulatory approvals and customary purchase price adjustments. SSE Renewables will continue to lead on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the asset on completion. On 26 November 2020, SSE and Equinor announced they had reached financial close on the first two phases of Dogger Bank Wind Farm. A 20% stake in each phase was sold to Eni (10% each by SSE and Equinor), which completed in February 2021. All three phases are expected to be completed by March 2026.
