TotalEnergies may buy into 1.2-GW Dogger Bank C - report

French energy major TotalEnergies SE (EPA:TTE) is considering purchasing a roughly 20% interest in the 1.2-GW Dogger Bank C, the third phase of the Dogger Bank offshore wind complex in UK waters, Bloomberg reports.

The project is being developed by Norway’s Equinor ASA (NYSE:EQNR) and SSE Renewables, a unit of UK utility SSE plc (LON:SSE). Sources familiar with the matter have told the news agency that discussions are currently in progress but no final decision has been made regarding a potential purchase.

The 3.6-GW Dogger Bank project is split into three sections of 1.2 GW each. Last year, SSE and Equinor each sold 10% of the Dogger Bank A and Dogger Bank B projects to Italian oil-and-gas major Eni SpA (BIT:ENI). While they said at the time that they will keep their 50% shareholdings in the third phase, it was later reported that they will offload a combined 20% stake in Dogger Bank C.

SSE has told Bloomberg that it expects to make progress on the divestment this year.

In the summer of 2020, TotalEnergies took a 51% stake in the roughly 1.1-GW Seagreen 1 offshore wind project that SSE Renewables is developing in the Scottish part of the North Sea.

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