Funding deal for world’s biggest offshore wind farm
A historic financing deal has been signed off to build the world’s biggest offshore wind farm on Dogger Bank in the North Sea.
The deal was secured by joint venture backers SSE Renewables and Equinor for the first two of three phases.
Onshore construction is currently underway for Dogger Bank A and Dogger Bank B, with offshore construction on Dogger Bank A due to begin in Q2 2022.
Dogger Bank A and B will each require total capital expenditure of around £3bn, including offshore transmission investment of around £830m per phase.