A joint venture

The partners

Dogger Bank is being developed in three 1.2GW phases : Dogger Bank A, B and C.

Dogger Bank A and B are joint ventures between SSE Renewables (40%), Equinor (40%) and Eni (20%).

In November 2021 SSE Renewables and Equinor, 50:50 joint venture partners in Dogger Bank C, announced Eni will take a 20% stake in the final phase, with SSE Renewables and Equinor maintaining 40% stakes each, in a deal that is expected to complete in Q1 2022 (subject to Dogger Bank C Financial Close and regulatory approvals.)

SSE Renewables is leading on the development and construction of Dogger Bank Wind Farm, and Equinor will operate the wind farm on completion for its expected operational life of around 35 years.

SSE Renewables.

SSE Renewables

SSE Renewables is a leading developer, owner and operator of renewable energy across the UK and Ireland, with a portfolio of around 4GW of onshore wind, offshore wind and hydro. Part of the FTSE-listed SSE plc, its strategy is to drive the transition to a net zero future through the world class development, construction and operation of renewable energy assets.

SSE Renewables owns nearly 2GW of operational onshore wind capacity with over 1GW under development. Its 1,459MW hydro portfolio includes 300MW of pumped storage and 750MW of flexible hydro. Its operational offshore wind portfolio consists of 487MW across two offshore joint venture sites, Beatrice and Greater Gabbard, both of which it operates on behalf of its asset partners.

SSE Renewables has the largest offshore wind development pipeline across the UK and Ireland at up to 7GW, of which around 2.6GW is in construction or consented. It is currently constructing the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the North Sea, a joint venture with Equinor. It is also building Scotland’s largest offshore wind farm, the 1.1GW Seagreen Offshore Wind Farm in the Firth of Forth, which is a joint venture with Total.

SSE Renewables is a Principal Partner to the UK Government for COP26 UN climate summit taking place in Glasgow in November 2021.

SSERENEWABLES.COM

Equinor

Equinor

Equinor has been operating in the UK for over 35 years. Headquartered in Norway, the company employs 22,000 people globally, and over 650 in the UK. As a broad energy company, Equinor is committed to long term value creation in a low carbon future, and targeting carbon neutral operations globally by 2030.

Equinor is the UK’s leading energy provider and supports the UK economy by investing billions in crucial energy infrastructure, working with over 700 suppliers across the country. Its energy supplies from Norway meet more than one quarter of the UK’s demand for natural gas and around one fifth of its demand for oil, both produced with one of the lowest carbon footprints in the industry. It operates the Mariner oil field, one of the largest and most digitally advanced offshore investments in the UK over the last decade, and is progressing Rosebank, the largest undeveloped field in the UK.

Both projects support hundreds of jobs and economic activity in Scotland. Equinor also operates two offshore wind farms off the East Coast of England, Dudgeon and Sheringham Shoal. It is a pioneer in floating wind technology with Hywind Scotland, the world’s first floating wind farm off the coast of Peterhead, which is partnered with Batwind, the world’s first battery for offshore wind. And with its partner SSE Renewables, Equinor is building the largest offshore wind farm in the world, Dogger Bank, off the North East coast of England. It is also a leader in both carbon capture utilisation and storage (CCUS) and hydrogen, and is developing a number of projects in Europe, including in the Humber and Teesside regions of North East England.

EQUINOR.COM

Eni

Eni is an energy company operating in 66 countries worldwide and employing around 32,000 people. The company operates in oil and gas exploration, development and production, refining and marketing, trading and shipping, chemical, renewable energies and innovative solutions in circular economy. Eni’s mission is inspired by the UN 2030 Agenda and these values are reflected in its business model, itself based on three pillars of long-term carbon neutrality, operational excellence and the creation of alliances for local development.

The new Eni is based on efficiency, integration and the deployment of new technologies.

Decarbonisation is structurally embedded in our overall strategy and ambitions and in Sustainalytics’ last update as of September 2020, Eni has achieved an ESG Risk Rating score of 25.7, ranking in the top 3% amongst its peers in the Energy Sector.

Eni has set the next intermediate target for renewables in 2035, when the company will generate 25 GW of installed capacity from renewable sources.

Eni is active in the UK as operator of the Liverpool Bay Area project in NW England, for which it was recently awarded a CO2 appraisal and storage licence by the Oil and Gas Authority.

Eni, together with BP, Equinor, National Grid, Shell and Total, has formed the Northern Endurance Partnership (NEP), with BP as operator. The partnership aims to develop offshore CO2 transport and storage infrastructure that will serve the two decarbonisation projects of the industrial clusters of NE England: Net Zero Teesside (of Which Eni is partner, and Zero Carbon Humber.

The two projects plan the combined capture and storage of climate-changing emissions from industrial sites and power plants, and the development of market for low emission hydrogen production (blue hydrogen).

UK authority consider this kind of project vital to support the Country’s effort to cut by 50% industrial emissions by 2030, while at the same time providing new jobs for the local communities.

Eni.COM