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Vårgrønn acquires Plenitude’s 20% interest in the world’s largest offshore wind farm

17th October 2022 in Project news

Vårgrønn, a joint venture between Plenitude and HitecVision, has acquired Plenitude’s 20% stake in Dogger Bank Wind Farm.

Olav Hetland, CEO of Vårgrønn, said:

“We are pleased to complete the transaction and appreciate the trust from our shareholders to focus their offshore wind efforts in Northern Europe through the expansion of Vårgrønn. We look forward to a strong cooperation with our experienced partners SSE Renewables and Equinor to construct and operate the world’s largest offshore wind farm. Vårgrønn will actively contribute to the project’s success while Dogger Bank learnings will enrich the skills and experience of the Vårgrønn’s team and make us an even stronger partner in the race for licenses in all our key markets.”

Dogger Bank Wind Farm is being built in the North Sea more than 130km from the Yorkshire coast in three 1.2GW phases known as Dogger Bank A, B and C.

The world-class renewable energy project, which will be capable of powering 6 million UK homes annually on completion, is a joint venture between SSE Renewables (40%), Equinor (40%) and Vårgrønn (20%).