Statoil, innogy and SSE Divvy Up 4.8GW Dogger Bank

Statoil, innogy and OrbisEnergy tenant SSE Divvy Up 4.8GW Dogger Bank | Offshore Wind  

Statoil has signed a swap agreement with innogy and SSE for equity interests in the Dogger Bank offshore wind development project.

The Dogger Bank development consists of four offshore wind farm projects, Creyke Beck A and B and Teesside A and B.

Following the transaction, Statoil and SSE will own 50% each in Creyke Beck A and B and Teesside A, while Innogy will own 100% of Teesside B.

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

”Dogger Bank represents a unique opportunity for the UK to develop secure, sustainable and cost-competitive energy from its world-class wind resource and the asset constitutes a very important element in Statoil’s strategy to gradually complement our oil and gas portfolio with profitable renewable energy solutions,” said Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.

The three Dogger Bank projects that Statoil and SSE will own are located between 125 and 195km off the east coast of Yorkshire. Each of them extends on an area of between 500 and 600km2.

”As operator of both the Sheringham Shoal and Dudgeon offshore wind farms, located in the same area, we can further improve efficiency and increase competitiveness across projects. Statoil and SSE will continue to mature the three Dogger Bank development projects towards a potential Contracts for Difference auctions,” said Rummelhoff.

Sourced by: offshorewind.biz

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Katie Snell

Having worked within the property department for 9 years, I have had the pleasure of working within the majority of the Nwes sites in the Norfolk and Waveney area. For the last 2.5 years I have been based at OrbisEnergy and more recently as Senior Coordinator overlooking the renewable hub and team.

Devon Mills

Devon has joined the team at OrbisEnergy as an Administration Coordinator in November 2014 and more recently a Centre Coordinator in January 2016. Having previously worked within various customer service roles she is pleased to be able to apply her skills and knowledge to her position at OrbisEnergy.

She is keen to build a strong understanding within the Offshore Renewable industry, whilst being able to develop a good mind for business and sales.

Johnathan Reynolds

Johnathan is responsible for all aspects of business and supply chain development for the flagship innovation and incubation centre for offshore renewables in the east of England, OrbisEnergy.

Matthew Holden

Matt’s role is Technical Support Manager, his main duty is leading the European Clusters for Offshore Wind Servicing Project (ECOWindS, www.ecowinds.eu) on behalf of Nwes. In addition to ECOWindS Matt’s role is provide support for the property team and to carry out specific project work.

John Balch

John is Managing Director of Nautilus, Director of Nwes and Hub Director of OrbisEnergy and Beacon Innovation Centre. He is a mechanical engineer and has broad experience gained over 40 years in the international offshore industry.

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