Financial close achieved for 1.2 GW Offshore wind farm in the UK
Equinor and SSE, have today announced financial close on the third phase of the project, Dogger Bank C.
The total senior debt facilities are GBP 2.5 billion (USD3.30 billion), plus ancillary facilities of around GBP 0.4 billion (USD0.52 billion). Dogger Bank C is being project financed with gearing of approximately 70% for the generation assets. Gearing on the transmission facilities is approximately 90% in anticipation of Offshore Electricity Transmission (OFTO) sale post construction.
The final group of lenders, comprising 28 banks and 3 export credit agencies.
The project is being built in three 1.2 GW phases, with Dogger Bank C being third in line. Dogger Bank C will require a total capital expenditure of around GBP 3 billion (USD3.96 billion), including the capex for the offshore transmission station (OFTO).
Country news
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December 01, 2021
PPA signed for 1.2 GW Offshore wind farm in UK
SSE Renewables and Equinor sign 15-year offtake Power Purchase Agreements for the third phase of Dogger Bank Wind Farm in the North Sea.
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DP Energy to build 300 MW Floating offshore wind farm in UK
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