SSE Renewables and Equinor have reached financial close on the first two phases of the 3.6 GW Dogger Bank offshore wind project in the North Sea (United Kingdom), the 1,200 MW Creyke Beck A and 1,200 MW Creyke Beck B offshore projects, requiring a total investment of £6bn (€6.7bn).
The project was awarded 15-year Contracts for Difference (CfDs) in the September 2019 allocation round, with a clearing price of £39.65/MWh (about €44.4/MWh) for Creyke Beck A and £41.61/ MWh (around €46.64/MWh) for the Creyke Beck B and the Teesside A projects. Preliminary construction began in January 2020 and works include the installation of the onshore cable infrastructure for the first two phases, and at the onshore HVDC converter station locations in East Riding. The first phase is expected to be operational in 2023, and the entire project including phase 3 (1,200 MW Teesside A), should be operational in 2026. Earlier in November 2020, SSE Renewables and Equinor signed 15-year offtake Power Purchase Agreements (PPAs) for Creyke Beck A and B.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.