EnergyWatch

Eni buys stake in Dogger Bank C

The Italian oil company acquires 20 percent interest in the third phase of the British offshore wind farm after making deals with both Equinor and SSE Renewables.

Photo: Ole Jørgen Bratland / Equinor

Norwegian oil company Equinor has decided to sell 10 percent interest in Dogger Bank C to Italian colleague Eni for a price of GBP 70m. Through a similar deal with SSE Renewables, Eni acquires a 20-percent position in the the UK offshore wind farm.

"With this offshore wind transaction, we continue to demonstrate value creation from Equinor’s renewables business. As with Dogger Bank A and B, the divestment in the Dogger Bank C project is in line with our strategy of accessing selective markets early and at scale, leveraging our offshore capabilities to mature and de-risk projects," writes Pål Eitrheim, Equinor's executive vice president of Renewables, in a statement.

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