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Tuesday | January 26 | 2021

Eni will pay 405 million pounds for a 20% stake in the UK Dogger Bank project

Eni enters the world’s largest offshore wind project with the acquisition of a 20% stake in the UK Dogger Bank (A and B) 2.4 GW project.

The project involves the installation of 190 state-of-the-art turbines situated approximately 80 miles from the British coast.

Each turbine has a capacity of 13 MW for a total capacity of 2.4 GW.

At full capacity, Dogger Bank (3.6 GW) will be the world’s largest project of its kind, generating around 5% of UK demand for renewable electricity and supplying energy to approximately 6 million British families.

The construction of the Dogger Bank (A and B) is expected to cost a total of £6 billion and will take place in two stages, with the first to be completed by 2023, and the second by 2024.

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