Equinor and partner reach financial close on 3rd phase of wind farm project

Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the third phase of the project, Dogger Bank C. The terms achieved are some of the best ever for a construction offshore wind project in the UK.

“Reaching financial close on the third phase of Dogger Bank is a significant milestone as it demonstrates that we are on track with developing what will become the world’s largest offshore wind farm. The significant appetite from lenders underpins the attractiveness of UK offshore wind assets and the confidence in SSE and Equinor as developers. The level of interest achieved reflects the quality of the project and combined with capturing significant value from divestments enables a strong return on equity. As the wind farm’s future operator, we will leverage our offshore capabilities and continue to deliver value for years to come,” says Pål Eitrheim, Equinor’s executive vice president of Renewables.

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