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    India and the EU Will Drive an Expansion of Global Renewable Capacity Next Year

    MHI Vestas secures spinner and nacelle covers supply in Taiwan

    EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy

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    India experienced first decrease in carbon emissions in four decades

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

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    India offers support to Maldives efforts to develop green energy

    India offers support to Maldives efforts to develop green energy

    No New Coal Power Proposals in The Philippines

    No New Coal Power Proposals in The Philippines

    Germany passed the law to end coal-fired power generation by 2038

    Germany passed the law to end coal-fired power generation by 2038

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    Toshiba aims to launch virtual power plants across Japan in 2022

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

    Bolivia will invest US $ 2,560 million for electricity reserves

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    GWEC India to help develop India’s vast wind power potential and support green recovery

    GWEC India to help develop India’s vast wind power potential and support green recovery

    Tanzania plans to construct hydropower plants and transmission lines

    ABB and Statkraft to boost hydropower efficiency in Norway

    EDF Renewables North America Signs Virtual Power Purchase Agreement with Nucor Corporation

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

    Wartsila publishes open access interactive map indicating potential of cost-optimal 100% renewable electricity systems

    Siemens Gamesa wins big in Texas, USA with 325-MW onshore wind project

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

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SSE, Equinor to invest $8 bln in Britain’s Dogger Bank giant wind project

in News, Wind Energy
EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

British utility SSE and Norwegian oil company Equinor have agreed to invest 6 billion pounds ($8.03 billion) to construct the first two phases of the Dogger Bank offshore wind power project, the two companies said on Thursday.

The project will become the world’s largest offshore wind farm, helping both companies to achieve their climate targets.

“Taken together, the first two phases represent the largest offshore wind project financing to date globally,” SSE said in a statement.

“This investment will help drive a green recovery from coronavirus through the project’s construction over the next five years, creating jobs and boosting the local economy.”

The construction of 2.4 gigawatts of capacity in the British part of the North Sea will be financed by a group of 29 banks and three credit export agencies.

The first phase, of 1.2 GW, is expected to start operations in 2023, with the second following about a year later. Each phase will generate around 6 terawatt hours (TWh) of electricity annually.

A third phase is planned for completion by 2026, by which time Dogger Bank would produce enough electricity to supply 5% of British demand, equivalent to powering six million British homes each year, the companies said.

Last year the Dogger Bank project won British government financial support and on Tuesday it signed power purchase agreements with several buyers.

The British government, which plans to quadruple current offshore wind capacity to 40 GW by 2030, earlier this week announced it would double the capacity of renewable energy projects eligible for support in its next round of subsidy auctions.

Equinor on Nov. 2 said it aims to become a net zero emitter of greenhouse gases by 2050. It has invested in offshore wind in Europe and North America in recent years.

SSE plans to invest 7.5 billion pounds in low-carbon projects over the next five years. ($1 = 0.7473 pounds)

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