Equinor: sells stake in giant UK wind project to Eni
(CercleFinance.com) - Norwegian energy group Equinor has sold a 10% stake in a UK offshore wind farm to Italy's Eni in a deal worth 202.
5 million pounds, it said on Friday.
Eni has also entered into an agreement to purchase a 10% stake in Dogger Bank, the largest wind farm in the world under construction, from project partner SSE on the same terms, Equinor said.
Once the deal is complete, the asset will be operated by Equinor and British utility group SSE, with 40% each, while Eni will own a 20% stake.
The Dogger project, located over 130 km off England's north-east coast, is being built in three consecutive phases due to its size and scale.
After commissioning, the site will provide approximately 5% of the UK's estimated electricity generation.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5 million pounds, it said on Friday.
Eni has also entered into an agreement to purchase a 10% stake in Dogger Bank, the largest wind farm in the world under construction, from project partner SSE on the same terms, Equinor said.
Once the deal is complete, the asset will be operated by Equinor and British utility group SSE, with 40% each, while Eni will own a 20% stake.
The Dogger project, located over 130 km off England's north-east coast, is being built in three consecutive phases due to its size and scale.
After commissioning, the site will provide approximately 5% of the UK's estimated electricity generation.
Copyright (c) 2020 CercleFinance.com. All rights reserved.