Norwegian oil giant Statoil, Scottish energy company SSE and innogy have revised their stake in the Dogger Bank offshore wind project, which can generate about 4.8GW of power.

The project, which will be located in the east coast of UK’s North Sea, consists of four wind farms Creyke Beck A and B and Teesside A and B, each of which will produce 1.2GW of power.

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

The 4.8GW of energy generated from the overall project will be supplied to about 5 million UK households.

Following the new ownership arrangement for the offshore wind projects, the respective owners of the wind farms will now proceed towards financial investment decisions.

In 2015, offshore wind consortium Forewind was awarded consents for the development of wind projects at Dogger Bank in the North Sea. 

The Forewind consortium will now cease to be involved with the Dogger Bank projects but it will oversee the decommissioning of the two met masts and removal of the suction-installed mono bucket foundations later in 2017.

Statoil Executive Vice President, New Energy Solutions Irene Rummelhoff said: “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, says Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.”

innogy Offshore Wind Director Paul Cowling said: “The Forewind consortium has completed its job of achieving planning permission, and this is great news for innogy. We will now develop the Dogger Bank Teesside B offshore wind project in line with our current pipeline, as we seek to deliver on our renewable energy growth ambitions, actively shaping the energy world of the future.”

Image: Statoil, SSE and innogy claim stake in Dogger Bank offshore wind farm. Photo: Courtesy of Statoil ASA.