14:15 – 26 Nov. | Updated 14:33
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Equinor and SSE Renewables have now got the financing in place for the first two phases of the development of the world’s largest offshore wind farm, Dogger Bank outside the United Kingdom.
The park is financed with 5.5 billion pounds, or 65 billion kroner.
– This is a major milestone, says Executive Vice President Pål Eitrheim in Equinor in a press release from the company.
He says the interest in the financing has been great from the lenders’ side, which ended with 29 banks and three export credit bureaus.
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Among these is the Guarantee Institute for Export Credit (GIEK), which guarantees NOK 3.6 billion for deliveries from Aibel and OHT.
This time, GIEK’s guarantees also include a loan from Eksportkreditt of NOK 900 million.
– We show once again that GIEK supports Norwegian suppliers in the international offshore wind market, says CEO Wenche Nistad in GIEK in a press release.
Aibel will supply two transformer platforms to Dogger Bank, while OHT will provide installation services from the special vessel Alfa Lift. The ship will be the world’s largest of its kind when it is delivered in 2021.
Dogger Bank is the world’s largest offshore wind farm, is owned by Equinor and SSE Renewables and is being expanded with a total capacity of around 3.6 gigawatts. The park will produce electricity that covers 5 percent of the UK’s energy needs.
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