Energy

Italy’s Eni to buy 20% stake in world’s largest offshore wind farm

0


The ENI SpA logo as seen on the company’s headquarters in Rome, Italy.

Alessia Pierdomenico | Bloomberg | Getty Images

Italian energy firm Eni is taking a 20% stake in what is set to be the world’s largest offshore wind farm.

The energy firms Equinor and SSE are both selling 10% stakes in the first two phases of the project, which is situated off the U.K. coast.

Eni will now take a share of Dogger Bank A & B, which will have a combined capacity of 2.4 gigawatts when fully operational. Upon completion of the deal, Equinor and SSE’s share in Dogger Bank A & B will still amount to 40% each.

In an announcement at the end of last week, Equinor said it would sell its equity interest in the scheme…



Source cnbc.com

Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy

Previous article

Merrill Lynch to Pay $26.25 million to settle “churning” allegations

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy