Thursday 10 August 2017

Innogy, Statoil and SSE in 4.8GW UK offshore wind split deal

Innogy, Statoil and SSE have signed an agreement for interests in an offshore wind development project in the UK.

The Dogger Bank development consist of four offshore projects – Creyke Beck A and B and Teesside A and B.

Following the agreement, Statoil and SSE will own 50% each in Creyke A and B and Teesside A – all located between 125km and 195km off the east coast of Yorkshire - while Innogy will own 100% of Teesside B.

Project consortium Forewind said the new ownership agreement means the projects will now be progressed towards Financial Investment Decisions by their respective owners.

Dogger Bank is the world’s largest offshore wind development, having achieved consent for an agreed installed capacity of 4.8GW - 1.2GW for each of the four projects.

In total, the projects have the potential to provide renewable electricity to up to five million UK homes.

The Forewind consortium will no longer be involved with the Dogger Bank projects, however, it will oversee the decommissioning of the two met masts and removal of the suction-installed mono bucket foundations later in 2017.