Financial close has been confirmed on two phases of the world’s largest offshore windfarm, Dogger Bank, with capital expenditure reaching around £6bn, which is the largest offshore wind project financing globally. SSE Renewables and Equinor, the two firms behind the Dogger Bank windfarm, confirmed that the first two phases of the project will each require total capital expenditure of around £3bn, including offshore transmission capex of around £800m per phase. With a capacity of 3.6GW, Dogger Bank will be the largest offshore windfarm in the world when operational off the North East coast of England. It consists of three 1.2GW phases and construction began on the Dogger Bank Wind Farm in January this year.
Edie 27th Nov 2020 read more »