SSE Reaches Financial Close on First Two Phases of UK Wind Farm Project
By Anthony O. Goriainoff
SSE PLC said Thursday that it and its joint venture partner
Equinor ASA have reached financial close on the first two phases of
the Dogger Bank Wind Farm project off the north coast of
The FTSE 100 energy networks and power generation group said
that total investment in the first two phases of the project will
be around 6 billion pounds ($8.03 billion). SSE added that the
expected equity investment forms part of its GBP7.5 billion
investment program to March 2025.
The company said that once all three phases are complete in
March 2026, Dogger Bank will be the largest offshore wind farm in
The wind farm will produce enough clean, renewable electricity
to supply 5% of the U.K.'s demand, equivalent to powering 6 million
homes, the company said.
"This investment will help drive a green recovery from
coronavirus through the project's construction over the next five
years, creating jobs and boosting the local economy," the company
Write to Anthony O. Goriainoff at
(END) Dow Jones Newswires
November 26, 2020 02:36 ET (07:36 GMT)
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