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SSE, Statoil get 3 Dogger Bank projects, Innogy gets 4th

Offshore wind farm near Wales. Author: alh1. License: Attribution-NoDerivs 2.0 Generic.

Aug 10 (Renewables Now) - The three participants in the Forewind consortium have agreed on how to split the ownership of the four Dogger Bank offshore wind projects, totalling 4.8 GW.

According to a press statement today, UK energy group SSE Plc (LON:SSE) and Norwegian oil and gas major Statoil ASA (NYSE:STO) will each take a 50% stake in the Dogger Bank Creyke Beck A, Dogger Bank Creyke Beck B and Dogger Bank Teesside A projects. On the other hand, Germany’s Innogy SE (ETR:IGY) will own in full the Dogger Bank Teesside B scheme.

All four projects are located in the North Sea off the east coast of England, and each of them has a capacity of 1.2 GW. Forewind won consents for the plan in 2015. Having delivered on its objective, the consortium will no longer be involved with the Dogger Bank projects, but will oversee the decommissioning of the two met masts and removal of the suction-installed mono bucket foundations later this year, the statement says.

Now, the respective owners will decide how to proceed with their projects.

Norwegian state-owned utility Statkraft was also a participant in the Forewind consortium, but sold its 25% stake to SSE and Statoil earlier this year.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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